The cross is falling further south of the key support level at 129.00 the figure, where coincide recent lows (July 27) and the top of the daily cloud. EUR/JPY is adding to recent weakness sparked after breaking below the former key support line around 130.00 the figure . Price action is indicative of further weakness to initially test June’s low at 126.63 ahead of 2018 lows at 124.61 seen in late May. Only a break above the (now) resistance line and recent peaks in the 131.20 area could allow for another visit to the 200-day SMA, today at 131.74. EUR/JPY daily chart Daily high: 129.55 Daily low: 128.67 Support Levels S1: 128.97 S2: 128.58 S3: 127.91 Resistance Levels R1: 130.04 R2: 130.71 R3: 131.10 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 Litecoin Technical Analysis: LTC/USD forms a descending channel, but price takes a bounce from strong demand area and lower part of the pattern, upside eyed FX Street 5 years The cross is falling further south of the key support level at 129.00 the figure, where coincide recent lows (July 27) and the top of the daily cloud. EUR/JPY is adding to recent weakness sparked after breaking below the former key support line around 130.00 the figure . Price action is indicative of further weakness to initially test June's low at 126.63 ahead of 2018 lows at 124.61 seen in late May. Only a break above the (now) resistance line and recent peaks in the 131.20 area could allow for another visit to the 200-day SMA, today at 131.74. EUR/JPY… 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.
