EUR/JPY seesaws near 23.6% Fibonacci retracement of its declines since August 13. 100-HMA, 38.2% Fibonacci retracement becomes the key resistance confluence. Despite repeated bounces surrounding 23.6% Fibonacci retracement, EUR/JPY remains under pressure as it trades near 117.24 amid initial Asian session on Wednesday. The quote remains well below 117.70/72 resistance-confluence, including 100-hour simple moving average (HMA) and 38.2% Fibonacci retracement of pair’s south-run since August 13. As a result, sellers can target 117.00 and 116.80 on the break of recent lows close to 117.20. Alternatively, pair’s sustained trading below 117.72 will trigger fresh run-up to weekly high surrounding 118.20 ahead of witnessing multiple resistances near 118.30. EUR/JPY hourly chart Trend: Bearish 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 Gold prices not far off the highs, move upside to come FX Street 4 years EUR/JPY seesaws near 23.6% Fibonacci retracement of its declines since August 13. 100-HMA, 38.2% Fibonacci retracement becomes the key resistance confluence. Despite repeated bounces surrounding 23.6% Fibonacci retracement, EUR/JPY remains under pressure as it trades near 117.24 amid initial Asian session on Wednesday. The quote remains well below 117.70/72 resistance-confluence, including 100-hour simple moving average (HMA) and 38.2% Fibonacci retracement of pair's south-run since August 13. As a result, sellers can target 117.00 and 116.80 on the break of recent lows close to 117.20. Alternatively, pair's sustained trading below 117.72 will trigger fresh run-up to weekly high surrounding 118.20 ahead… 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.
