The EUR/JPY hourly chart shows the pair has round acceptance below the 50-hour and 100-hour moving average (MA) and could complete the head-and-shoulders bearish reversal pattern. A break below neckline support of 130.88 would confirm a bearish reversal, i.e. rally from the recent low of 127.14 has ended and the bears have regained control. Hourly chart Spot Rate: 131.33 Daily High: 131.43 Daily Low: 131.19 Trend: Bearish below 130.88 Resistance R1: 131.38 (rising trendline resistance) R2: 131.45 (100-hour moving average) R3: 131.53 (50-hour moving average) Support S1: 131.00 (200-hour moving average) S2: 130.27 (100-day moving average) S3: 130.00 (psychological level) 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 Forex Today: Aussie cheers a huge beat on Australian jobs, UK retail sales – Key FX Street 5 years The EUR/JPY hourly chart shows the pair has round acceptance below the 50-hour and 100-hour moving average (MA) and could complete the head-and-shoulders bearish reversal pattern. A break below neckline support of 130.88 would confirm a bearish reversal, i.e. rally from the recent low of 127.14 has ended and the bears have regained control. Hourly chart Spot Rate: 131.33 Daily High: 131.43 Daily Low: 131.19 Trend: Bearish below 130.88 Resistance R1: 131.38 (rising trendline resistance) R2: 131.45 (100-hour moving average) R3: 131.53 (50-hour moving average) Support S1: 131.00 (200-hour moving average) S2: 130.27 (100-day moving average) S3: 130.00 (psychological level) 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.
