The broad-based sell off in the single currency is now dragging EUR/JPY to trade on the defensive for the third day in a row. The immediate target on the downside stays at the critical 200-day SMA, today just above 131.00 the figure. If the selling pressure gathers further traction, the cross could re-test the 21-day SMA at 130.55. The constructive view remains in place as long as the short-term support line, today at 129.1, holds. EUR/JPY daily chart Daily high: 132.32 Daily low: 131.17 Support Levels S1: 131.47 S2: 130.96 S3: 130.35 Resistance Levels R1: 132.59 R2: 133.20 R3: 133.51 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 US: Chicago PMI drops to 5-month low at 60.4 in September vs 62.5 expected FX Street 4 years The broad-based sell off in the single currency is now dragging EUR/JPY to trade on the defensive for the third day in a row. The immediate target on the downside stays at the critical 200-day SMA, today just above 131.00 the figure. If the selling pressure gathers further traction, the cross could re-test the 21-day SMA at 130.55. The constructive view remains in place as long as the short-term support line, today at 129.1, holds. EUR/JPY daily chart Daily high: 132.32 Daily low: 131.17 Support Levels S1:… 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.
