“¢ The post-ECB recovery movement takes out a short-term ascending trend-resistance in the past hour and now paves the way for an extension of the recovery move towards an important confluence region. “¢ A follow-through up-move beyond the mentioned hurdle, comprising of 50% Fibonacci retracement level resistance and 200-hour SMA, would negate any near-term bearish bias. “¢ On the mentioned chart, short-term technical indicators are gradually moving into positive territory and reinforce prospects for an additional near-term appreciating move. EUR/JPY 1-hourly chart Spot Rate: 128.29 Daily Low: 127.48 Trend: Bullish Resistance R1: 128.47 (confluence resistance) R2: 128.63 (R2 daily pivot-point) R3: 128.99 (200-period SMA H4) Support S1: 128.00 (round figure mark) S2: 127.56 (daily pivot-point) S3: 127.48 (current day swing low) 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 Turkey: Most important elections – Rabobank FX Street 3 years "¢ The post-ECB recovery movement takes out a short-term ascending trend-resistance in the past hour and now paves the way for an extension of the recovery move towards an important confluence region. "¢ A follow-through up-move beyond the mentioned hurdle, comprising of 50% Fibonacci retracement level resistance and 200-hour SMA, would negate any near-term bearish bias. "¢ On the mentioned chart, short-term technical indicators are gradually moving into positive territory and reinforce prospects for an additional near-term appreciating move. EUR/JPY 1-hourly chart Spot Rate: 128.29 Daily Low: 127.48 Trend: Bullish Resistance R1: 128.47… Top 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.
