EUR/JPY is losing the grip today, down for the second session in a row and following a sharp down move in the single currency. The cross breaks below the relevant support line off May’s lows, opening the door for another visit to last week’s lows in the 129.00 neighbourhood, coincident with the top of the daily cloud. As long as this area holds, another test of the key 200-day SMA at 131.78 remains on the cards. However, a sustainable breakdown of the 129.00 level could pave the way for a test of 126.63 – June’s lows – ahead of YTD low at 124.61 seen in May. EUR/JPY daily chart Daily high: 130.31 Daily low: 129.24 Support Levels S1: 129.82 S2: 129.38 S3: 128.73 Resistance Levels R1: 130.92 R2: 131.57 R3: 132.01 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 stocks slump during opening trade amid renewed trade war fears FX Street 5 years EUR/JPY is losing the grip today, down for the second session in a row and following a sharp down move in the single currency. The cross breaks below the relevant support line off May's lows, opening the door for another visit to last week's lows in the 129.00 neighbourhood, coincident with the top of the daily cloud. As long as this area holds, another test of the key 200-day SMA at 131.78 remains on the cards. However, a sustainable breakdown of the 129.00 level could pave the way for a test of 126.63 - June's lows - ahead of YTD… 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.
