In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recovery in the cross still has legs. Key Quotes “EUR/JPY has, we believe, temporarily stalled at 128.55 but should continue to recover from the 78.6% retracement at 126.66. In order to restore upside pressure, rallies will need to regain the 130.20 22nd October high and preferably the 200 day ma at 130.36″. “Rallies will find initial resistance at 130.20/36, the 22nd October high and 200 day ma. These guard 133.13/48, the highs since April. Above 133.48 lies the 134.27 1979-2018 downtrend line. Still further up sit the 137.51 2018 high and the 137.87 2008-2018 resistance line”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD faces two hurdles on the way to 1.30 Yohay Elam 4 years In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recovery in the cross still has legs. Key Quotes "EUR/JPY has, we believe, temporarily stalled at 128.55 but should continue to recover from the 78.6% retracement at 126.66. In order to restore upside pressure, rallies will need to regain the 130.20 22nd October high and preferably the 200 day ma at 130.36". "Rallies will find initial resistance at 130.20/36, the 22nd October high and 200 day ma. These guard 133.13/48, the highs since April. Above 133.48 lies the 134.27 1979-2018 downtrend line. Still further up sit the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
