EUR/JPY could rise well above 127.00 if the resistance at 126.82 is breached in the next couple of hours. A break above 126.82 would confirm a bull flag breakout on the 30-min chart – acceleration of the uptrend from the Feb. 28 low of 125.89. Supporting that bullish case are the ascending 5- and 10-day moving averages (MAs) and an above 50 reading on the relative strength index (RSI). 30-minute chart Trend: Bullish 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 RBA to remain patient – Bank of America Merrill Lynch FX Street 4 years EUR/JPY could rise well above 127.00 if the resistance at 126.82 is breached in the next couple of hours. A break above 126.82 would confirm a bull flag breakout on the 30-min chart - acceleration of the uptrend from the Feb. 28 low of 125.89. Supporting that bullish case are the ascending 5- and 10-day moving averages (MAs) and an above 50 reading on the relative strength index (RSI). 30-minute chart Trend: Bullish 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.
