The prevailing selling mood continues to hurt the Japanese Yen and is therefore propelling the recovery in EUR/JPY from last week’s lows in the 126.65/60 band. The ongoing recovery should meet initial hurdle at the 10-day SMA at 128.54 and could extend to the 129.00 neighbourhood and above, where is located the 21-day SMA and 100-day SMA, at 129.46 and 129.47, respectively. In case the cross resumes the down trend, last week’s low at 126.61 could pave the way for a potential visit to August’s low at 124.90, regarded as the last defense of a probable test of YTD low at 124.61 seen in late-May. EUR/JPY daily chart EUR/JPY Overview: Last Price: 128.19 Daily change: 39 pips Daily change: 0.305% Daily Open: 127.8 Trends: Daily SMA20: 129.51 Daily SMA50: 129.95 Daily SMA100: 129.47 Daily SMA200: 130.52 Levels: Daily High: 128.26 Daily Low: 127.24 Weekly High: 130.22 Weekly Low: 126.63 Monthly High: 133.15 Monthly Low: 127.87 Daily Fibonacci 38.2%: 127.87 Daily Fibonacci 61.8%: 127.63 Daily Pivot Point S1: 127.28 Daily Pivot Point S2: 126.76 Daily Pivot Point S3: 126.27 Daily Pivot Point R1: 128.29 Daily Pivot Point R2: 128.78 Daily Pivot Point R3: 129.3 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 Gold falls to 1-1/2 week lows, 100-DMA support around $1220 level FX Street 4 years The prevailing selling mood continues to hurt the Japanese Yen and is therefore propelling the recovery in EUR/JPY from last week's lows in the 126.65/60 band. The ongoing recovery should meet initial hurdle at the 10-day SMA at 128.54 and could extend to the 129.00 neighbourhood and above, where is located the 21-day SMA and 100-day SMA, at 129.46 and 129.47, respectively. In case the cross resumes the down trend, last week's low at 126.61 could pave the way for a potential visit to August's low at 124.90, regarded as the last defense of a probable test of YTD low… 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.
