The EUR/JPY closed above the 50-day moving average (MA) on Thursday for the first time since May 2. So, the pair might see an upside break of the sideways channel, in which case the psychological hurdle of 130.00 could be put to test. The Bollinger Bands on the hourly charts have narrowed, so a big move could be in the offing. Hourly chart Spot Rate: 129.38 Daily HIgh: 129.46 Daily Low: 129.21 Trend: Bullish above 129.70 (channel resistance) Resistance R1: 129.53 (upper Bollinger Band) R2: 129.70 (channel hurdle) R3: 130.00 (psychological hurdle) Support S1: 129.21 (lower Bollinger Band) S2: 128.56 (channel support) S3: 128.17 (38.2% Fib R of 124.62-130.36) 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 Europe’s largest speed trader bets on crypto, Bitcoin yawns in response FX Street 3 years The EUR/JPY closed above the 50-day moving average (MA) on Thursday for the first time since May 2. So, the pair might see an upside break of the sideways channel, in which case the psychological hurdle of 130.00 could be put to test. The Bollinger Bands on the hourly charts have narrowed, so a big move could be in the offing. Hourly chart Spot Rate: 129.38 Daily HIgh: 129.46 Daily Low: 129.21 Trend: Bullish above 129.70 (channel resistance) Resistance R1: 129.53 (upper Bollinger Band) R2: 129.70 (channel hurdle) R3: 130.00 (psychological hurdle) Support S1: 129.21 (lower Bollinger Band) S2: 128.56… 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.
