EUR/JPY is correcting the October bull run. The level to beat for sellers is the 120.15 level. EUR/JPY daily chart EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). The market is currently correcting down after the October bull run as the price remains capped below the 121.00 handle. EUR/JPY four-hour chart On the four-hour chart, the market challenged the 120.64 resistance and the 100 SMA. If on Tuesday, the market is able to overcome the 120.64 level then a run towards the 121.11 resistance can be on the cards. EUR/JPY 30-minute chart The spot reversed almost the entirety of the daily gains while the market trades below the 50 SMA. A break below 120.15 can lead to 119.80 on the way down, 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 Wall Street benchmarks print record closes, DJIA +31 points FX Street 3 years EUR/JPY is correcting the October bull run. The level to beat for sellers is the 120.15 level. EUR/JPY daily chart EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). The market is currently correcting down after the October bull run as the price remains capped below the 121.00 handle. EUR/JPY four-hour chart On the four-hour chart, the market challenged the 120.64 resistance and the 100 SMA. If on Tuesday, the market is able to overcome the 120.64 level then a run towards the 121.11 resistance can be on the… 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.
