“¢ Last week, the cross once again faced rejection near the 126.80 region and now seems to have formed a bearish double-top chart pattern on the daily chart. “¢ A follow-through weakness back below 100-day SMA was seen as a key trigger for bearish traders and dragged the cross to near two-week lows on Wednesday. “¢ Oscillators on the 4-hourly chart have been losing momentum and have already drifted into the bearish territory on the daily chart, suggesting further downside. “¢ A convincing break through the key 125.00 psychological mark will add credence to the bearish outlook and accelerate the slide towards the 124.00 handle. “¢ The downward momentum could further get extended towards challenging March swing lows, around the 123.65 region, en–route YTD lows, near the 123.40 area. EUR/JPY daily chart 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 US: Trump’s trade policies are successful? – ING FX Street 4 years "¢ Last week, the cross once again faced rejection near the 126.80 region and now seems to have formed a bearish double-top chart pattern on the daily chart. "¢ A follow-through weakness back below 100-day SMA was seen as a key trigger for bearish traders and dragged the cross to near two-week lows on Wednesday. "¢ Oscillators on the 4-hourly chart have been losing momentum and have already drifted into the bearish territory on the daily chart, suggesting further downside. "¢ A convincing break through the key 125.00 psychological mark will… 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.
