EUR/JPY struggles to rise past monthly tops despite bullish MACD. 50-day EMA, 23.6% Fibonacci retracement acts as nearby key support. EUR/JPY stays below 100-day EMA and key horizontal resistance while taking rounds to 119.52 during the early Asian session on Tuesday. The pair fails to justify the bullish signal by the 12-bar Moving Average Convergence and Divergence (MACD) indicator, which in turn increases the odds of a pullback to 118.70/65 support-zone including 50-day Exponential Moving Average (EMA) and 23.6% Fibonacci Retracement of March-September declines. In a case prices keep sliding past-118.65, a six-week-old rising trend line at 117.30 seems crucial for sellers to watch. On the upside, a 100-day EMA level of 119.85 acts as immediate resistance for the pair ahead of highlighting 120.00/05 horizontal barrier including September month top and late-July low. Should there be increased rise beyond 120.05, 121.00 will flash on the bulls’ radar to target. EUR/JPY daily chart Trend: pullback expected 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 AUD/USD: Above 2-DMA, awaiting key data this week, commencing today FX Street 4 years EUR/JPY struggles to rise past monthly tops despite bullish MACD. 50-day EMA, 23.6% Fibonacci retracement acts as nearby key support. EUR/JPY stays below 100-day EMA and key horizontal resistance while taking rounds to 119.52 during the early Asian session on Tuesday. The pair fails to justify the bullish signal by the 12-bar Moving Average Convergence and Divergence (MACD) indicator, which in turn increases the odds of a pullback to 118.70/65 support-zone including 50-day Exponential Moving Average (EMA) and 23.6% Fibonacci Retracement of March-September declines. In a case prices keep sliding past-118.65, a six-week-old rising trend line at 117.30 seems crucial… 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.
