The recovery in EUR/JPY remains well and sound at the beginning of the week sustained by the renewed selling pressure in the Japanese yen. Immediately above emerges the next hurdle at October tops in the 121.50 region. A breakout of this area is needed to attempt a move to the key 200-day SMA, today at 121.81. On the flip side, the resumption of the bearish mood should meet a cluster of support levels in the 119.46/24 band, where converge the 100-day SMA, last week’s low and the 55-day SMA. 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 UK: Factory orders improved to -26 in November vs. -31 expected – CBI FX Street 3 years The recovery in EUR/JPY remains well and sound at the beginning of the week sustained by the renewed selling pressure in the Japanese yen. Immediately above emerges the next hurdle at October tops in the 121.50 region. A breakout of this area is needed to attempt a move to the key 200-day SMA, today at 121.81. On the flip side, the resumption of the bearish mood should meet a cluster of support levels in the 119.46/24 band, where converge the 100-day SMA, last week's low and the 55-day SMA. 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.
