EUR/JPY keeps correcting lower after last week’s bullish attempt to the 121.40 region, coincident with the 21-day SMA. The continuation of the down move carries the potential to re-visit monthly lows in the vicinity of the key 120.00 handle. As long as the short-term resistance line at 122.03 caps the upside, the negative bias on the cross is expected to prevail. This area of resistance is also reinforced by the 55-day SMA at 121.91. 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 AUD/USD correction lower could extend to the 0.6865/55 area – Commerzbank FX Street 4 years EUR/JPY keeps correcting lower after last week's bullish attempt to the 121.40 region, coincident with the 21-day SMA. The continuation of the down move carries the potential to re-visit monthly lows in the vicinity of the key 120.00 handle. As long as the short-term resistance line at 122.03 caps the upside, the negative bias on the cross is expected to prevail. This area of resistance is also reinforced by the 55-day SMA at 121.91. 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.
