EUR/JPY has been slowly grinding up since the start of the week. Resistance is seen at the 120.45/63 price zone. EUR/JPY daily chart EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). The market is currently consolidating the October bull run as the market stays capped by the 121.00 handle. EUR/JPY four-hour chart The market is grinding up above the 120.00 while challenging the 100 SMA. If the spot holds above 120.15, the current move can extend to the 120.45/63 resistance zone near the 200 SMA, according to Technical Confluences Indicator. EUR/JPY 30-minute chart The cross is advancing above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 120.15 and 119.80 price levels, according to Technical Confluences Indicator. Additional key levels 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/JPY recovers above 109 as 10-year US T-bond yield rebounds from daily lows FX Street 3 years EUR/JPY has been slowly grinding up since the start of the week. Resistance is seen at the 120.45/63 price zone. EUR/JPY daily chart EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). The market is currently consolidating the October bull run as the market stays capped by the 121.00 handle. EUR/JPY four-hour chart The market is grinding up above the 120.00 while challenging the 100 SMA. If the spot holds above 120.15, the current move can extend to the 120.45/63 resistance zone near the 200 SMA, according to Technical Confluences Indicator.… 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.
