Having slipped beneath 61.8% Fibonacci retracement of March month decline, the EUR/JPY pair presently trades near 125.80 during early Friday. Even after declining under 126.00 support (now resistance), the quote is yet to breakdown three-week-old upward sloping trend-line at 125.50 which if broken would confirm ascending triangle break and could fetch prices to 125.00 – 124.95 support-zone. It should also be noted that 125.40 can act as immediate support whereas 23.6% Fibonacci retracement near 124.55, followed by 124.55 and 123.80 rest-points, may please sellers after 124.95. Alternatively, pair’s advances past-126.00 nearby resistance comprising 61.8% Fibonacci retracement level might aim for 126.30 ahead of the 126.80 horizontal-line connecting highs marked since March 20. Moreover, sustained trading beyond 126.80 opens the door for the quote’s gradual increases to 127.00, 127.15 and then to 127.50 numbers to the north. EUR/JPY Technical Analysis 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 Gold Technical Analysis: Eyes corrective bounce on bullish 4H RSI divergence FX Street 4 years Having slipped beneath 61.8% Fibonacci retracement of March month decline, the EUR/JPY pair presently trades near 125.80 during early Friday. Even after declining under 126.00 support (now resistance), the quote is yet to breakdown three-week-old upward sloping trend-line at 125.50 which if broken would confirm ascending triangle break and could fetch prices to 125.00 - 124.95 support-zone. It should also be noted that 125.40 can act as immediate support whereas 23.6% Fibonacci retracement near 124.55, followed by 124.55 and 123.80 rest-points, may please sellers after 124.95. Alternatively, pair's advances past-126.00 nearby resistance comprising 61.8% Fibonacci retracement level might aim for… 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.
