EUR/JPY is trading around the 1.24 level and though Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees the pair marching higher toward the 200-week ma at 124.80 she cannot rule out a pullback to the 122.18 mark. Key quotes “EUR/JPY is consolidating above the 122.88 January high and attention remains on the June high at 124.43 and the 200-week ma at 124.80.” “The pair is in a very tight range but we remain unable to rule out a pullback towards the three-month uptrend at 122.18 prior to recovery. This guards the current July low at 120.28.” “The 200-week ma at 124.80 guards the 2014-2020 resistance line at 127.90.” 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 Okinawa to declare state of emergency over coronavirus – FNN FX Street 3 years EUR/JPY is trading around the 1.24 level and though Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees the pair marching higher toward the 200-week ma at 124.80 she cannot rule out a pullback to the 122.18 mark. Key quotes “EUR/JPY is consolidating above the 122.88 January high and attention remains on the June high at 124.43 and the 200-week ma at 124.80.” “The pair is in a very tight range but we remain unable to rule out a pullback towards the three-month uptrend at 122.18 prior to recovery. This guards the current July low at 120.28.” “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.
