Bearish momentum stalling following a break of trend-line support. Bears can target 115.87 ahead of the 2017 low at 114.86. Overcoming the 6-month downtrend at 118.77 and rising from 116.58/115.87 recent lows, EUR/JPY rallied to the September highs which meet the July lows, reinforcing the upside resistance at this juncture. Overall, the price is submerged below bearish moving averages within a descending channel although remains below trendline support. However, an upside extension beyond the 200-day moving average at 122.50 will look for a test of the 38.2% Fibonacci in the 124 handle on the wide. On the downside, bears can target 115.87 ahead of the 2017 low at 114.86. 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 USD/CAD technical analysis: On the back foot below 12-week-old rising trendline FX Street 4 years Bearish momentum stalling following a break of trend-line support. Bears can target 115.87 ahead of the 2017 low at 114.86. Overcoming the 6-month downtrend at 118.77 and rising from 116.58/115.87 recent lows, EUR/JPY rallied to the September highs which meet the July lows, reinforcing the upside resistance at this juncture. Overall, the price is submerged below bearish moving averages within a descending channel although remains below trendline support. However, an upside extension beyond the 200-day moving average at 122.50 will look for a test of the 38.2% Fibonacci in the 124 handle on the wide. On the downside, bears… 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.
