EUR/JPY attempting to base near term underpinned by the close above 120.05. The 55-day ma at 118.32/28 is a near term support target. After overcoming the 6-month downtrend at 118.77 and recovering from 116.58/115.87 recent swing lows, EUR/JPY broke higher on the 120 handle with a look in on the 121 handle, testing the 121.35 highs, landing a few pips from the 121.38 late July highs. “The market is possibly attempting to base near term and the close above 120.05 adds weight to that view,” analysts at Commerzbank said. The next stop for the bulls will be the 200-day moving average of 122.26. “We note the 13 count on the 240-minute chart, but pullbacks are indicated as likely to hold 119.40/118.80. Dips lower will find support at the 55-day ma at 118.32/28 ahead of the 117.49 uptrend,” the analysts at Commerzbank argued. Further out, on the wide, bears can target 115.87 ahead of the 2017 low at 114.86. EUR/JPY daily levels 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 NZD/USD hits one-month highs, eyes China data FX Street 4 years EUR/JPY attempting to base near term underpinned by the close above 120.05. The 55-day ma at 118.32/28 is a near term support target. After overcoming the 6-month downtrend at 118.77 and recovering from 116.58/115.87 recent swing lows, EUR/JPY broke higher on the 120 handle with a look in on the 121 handle, testing the 121.35 highs, landing a few pips from the 121.38 late July highs. "The market is possibly attempting to base near term and the close above 120.05 adds weight to that view," analysts at Commerzbank said. The next stop for the bulls will be the 200-day moving… 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.
