EUR/JPY is trading near 125.50 during early Wednesday. The quote dropped below four-week-old ascending trend-line on Tuesday and on the decline since then, indicating brighter chances of flashing 125.00 – 124.95 area again on the chart. Should the quote drops beneath 124.95, there are multiple supports between 124.60 and 124.40 whereas 124.00 can please sellers then after. In a case where prices decline below 124.00, 123.80 and 123.60 could flash on the Bears’ radar ahead of aiming 123.00. On the upside, 125.60 and immediate descending trend-line at 125.85 can keep limiting the pair’s advances, a break of which may escalate the recovery to 126.30. However, 126.75/80 is a tough resistance-zone past-126.30 which if broken could propel the quote towards 61.8% Fibonacci expansion (FE) of its recent moves near 127.25. EUR/JPY 4-Hour chart Trend: Bearish 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 PBOC injects liquidity via one year TMLF FX Street 4 years EUR/JPY is trading near 125.50 during early Wednesday. The quote dropped below four-week-old ascending trend-line on Tuesday and on the decline since then, indicating brighter chances of flashing 125.00 - 124.95 area again on the chart. Should the quote drops beneath 124.95, there are multiple supports between 124.60 and 124.40 whereas 124.00 can please sellers then after. In a case where prices decline below 124.00, 123.80 and 123.60 could flash on the Bears' radar ahead of aiming 123.00. On the upside, 125.60 and immediate descending trend-line at 125.85 can keep limiting the pair's advances, a break of which may escalate… 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.
