Analysts at Commerzbank explained that EUR/JPY rallied to and failed at its 200 day ma at 131.88 last week and they suspect that this is just profit taking very near term. Key Quotes: “There is room for a slide back to the near term up trend at 129.33. While above here risks remain on the topside.” “The market has recently broken above the daily cloud for the first time since February and we look for the 200 day ma and recent high at 131.87/98 to be eroded shortly.” “We look for further gains to the 133.48 April peak. Dips are indicated to hold over 129.00.” “The market stays bid above the 129.33 support line and only below here would negate the topside and re-target the 124.62 May low.” 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 Gold Technical Analysis: Trading below $1,236.00/oz ahead of Trump-Juncker meeting FX Street 5 years Analysts at Commerzbank explained that EUR/JPY rallied to and failed at its 200 day ma at 131.88 last week and they suspect that this is just profit taking very near term. Key Quotes: "There is room for a slide back to the near term up trend at 129.33. While above here risks remain on the topside." "The market has recently broken above the daily cloud for the first time since February and we look for the 200 day ma and recent high at 131.87/98 to be eroded shortly." "We look for further gains to the 133.48 April peak. Dips are… 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.
