The EUR/JPY has moved above the 200-hour EMA of 128.41, having charted a bullish higher lows and higher highs pattern in the last three trading days. The 50-, 100-, and 200-hour EMAs have bottomed out and the 50-, 100-hour EMAs are about to confirm a bullish crossover. Further, the daily MACD is flashing a bullish divergence. The JPY cross looks set to test the resistance of the trendline connecting the Sept. 27 high and Oct. 22 high. At press time, that trendline resistance is seen at 129.07. The bullish setup seen in the hourly chart would be invalidated if the pair finds acceptance under 128.00. Hourly Chart Trend: Bullish EUR/JPY Overview: Last Price: 128.39 Daily change: 5.0 pips Daily change: 0.0390% Daily Open: 128.34 Trends: Daily SMA20: 129.37 Daily SMA50: 129.97 Daily SMA100: 129.46 Daily SMA200: 130.49 Levels: Daily High: 128.46 Daily Low: 127.74 Weekly High: 130.22 Weekly Low: 126.63 Monthly High: 133.15 Monthly Low: 127.87 Daily Fibonacci 38.2%: 128.18 Daily Fibonacci 61.8%: 128.01 Daily Pivot Point S1: 127.9 Daily Pivot Point S2: 127.46 Daily Pivot Point S3: 127.18 Daily Pivot Point R1: 128.62 Daily Pivot Point R2: 128.9 Daily Pivot Point R3: 129.34 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 China’s electricity consumption rose at the fastest pace in six years in first three quarters FX Street 4 years The EUR/JPY has moved above the 200-hour EMA of 128.41, having charted a bullish higher lows and higher highs pattern in the last three trading days. The 50-, 100-, and 200-hour EMAs have bottomed out and the 50-, 100-hour EMAs are about to confirm a bullish crossover. Further, the daily MACD is flashing a bullish divergence. The JPY cross looks set to test the resistance of the trendline connecting the Sept. 27 high and Oct. 22 high. At press time, that trendline resistance is seen at 129.07. The bullish setup seen in the hourly chart would be invalidated if… 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.
