EUR/JPY tumbles to fresh 2019 lows in the 116.50 region just to rebound afterwards and return to levels above the 117.00 handle. The continuation of the squeeze higher faces the initial hurdle at the 10-day SMA just above 118.00 the figure. Immediately above lies last week’s tops at 118.47 (August 19) and the 21-day SMA at 118.67. Looking at the broader picture, while below the 55-day SMA at 120.53 and the multi-month resistance line at 120.77, the bearish view is expected to remain unchanged. 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 surrenders early modest gains, back below 1.3300 handle FX Street 4 years EUR/JPY tumbles to fresh 2019 lows in the 116.50 region just to rebound afterwards and return to levels above the 117.00 handle. The continuation of the squeeze higher faces the initial hurdle at the 10-day SMA just above 118.00 the figure. Immediately above lies last week's tops at 118.47 (August 19) and the 21-day SMA at 118.67. Looking at the broader picture, while below the 55-day SMA at 120.53 and the multi-month resistance line at 120.77, the bearish view is expected to remain unchanged. 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.
