“¢ Receding negative sentiment over Italian political turmoil helps build on this week’s solid rebound from 11-month lows amid. “¢ Acceptance above 38.2% Fibonacci retracement level suggests additional gains towards the 200-SMA on the hourly chart. “¢ Any meaningful retracement, if risk-off tone grips the market, might now find strong support near the upward trending 50-hourly SMA. EUR/JPY 1-hourly chart Spot rate: 127.58 Trend: Bullish Support 1: 127.20 (38.2% Fibonacci level 1-D) Support 2: 126.90 (50-period SMA H1) Support 3: 126.47 (S1 daily pivot-point) Resistance 1: 127.88 (200-period SMA on hourly chart) Resistance 2: 128.14 (23.6% Fibonacci level -1W) Resistance 3: 128.51 (R2 daily pivot-point) 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 GBP/USD technicals point to a bull run to 1.3390/1.3505 – Commerzbank FX Street 5 years "¢ Receding negative sentiment over Italian political turmoil helps build on this week's solid rebound from 11-month lows amid. "¢ Acceptance above 38.2% Fibonacci retracement level suggests additional gains towards the 200-SMA on the hourly chart. "¢ Any meaningful retracement, if risk-off tone grips the market, might now find strong support near the upward trending 50-hourly SMA. EUR/JPY 1-hourly chart Spot rate: 127.58 Trend: Bullish Support 1: … 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.
