Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, maintains a bullish bias on EUR/JPY as the pair has rebounded from the 200-day moving average at 119.68 and is targeting the 200-week moving average at 124.64. Key quotes “EUR/JPY’s outlook remains neutral to bullish.” “We look for the cross to stabilise and recover further and expect the 200-week moving average at 124.64 to eventually be revisited. It guards the 2014-2020 resistance line at 128.15.” “We continue to favour the topside as the currency pair recently charted an outside day to the upside and recovered from around the 200 day-moving average at 119.68.” 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 UK PM Johnson: We have to stick up for our friends in Hong Kong FX Street 3 years Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, maintains a bullish bias on EUR/JPY as the pair has rebounded from the 200-day moving average at 119.68 and is targeting the 200-week moving average at 124.64. Key quotes “EUR/JPY’s outlook remains neutral to bullish.” “We look for the cross to stabilise and recover further and expect the 200-week moving average at 124.64 to eventually be revisited. It guards the 2014-2020 resistance line at 128.15.” “We continue to favour the topside as the currency pair recently charted an outside day to the upside and recovered from around the 200 day-moving average at… 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.
