The recent weakness in the cross appears to have attracted some buying interest in the 122.50 region, sparking the current correction to the area above 123.00 the figure. In case of the resumption of the down move, the area of 122.40, June 2017 lows, emerges as the immediate contention ahead of January’s ‘flash crash’ to sub-119.00 levels. While the ongoing rebound is seen as corrective only, it faces the next hurdle in the 124.92/125.30 band, where converge the 21-day, 100-day and 55-day SMAs. EUR/JPY is seen offered, however, while below 126.12, where sits the multi-month resistance line. EUR/JPY daily chart  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 USD/CAD trades with modest losses, around mid-1.3400s amid positive oil prices FX Street 3 years The recent weakness in the cross appears to have attracted some buying interest in the 122.50 region, sparking the current correction to the area above 123.00 the figure. In case of the resumption of the down move, the area of 122.40, June 2017 lows, emerges as the immediate contention ahead of January's 'flash crash' to sub-119.00 levels. While the ongoing rebound is seen as corrective only, it faces the next hurdle in the 124.92/125.30 band, where converge the 21-day, 100-day and 55-day SMAs. EUR/JPY is seen offered, however, while below 126.12, where sits the multi-month resistance line. EUR/JPY daily chart… 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.
