“¢ Snap six days of losing streak amid near-term oversold conditions. “¢ 50-period SMA on 1-hourly chart hinders the recovery momentum. “¢ Weakness back below 125.60 level to fade prospects of any further recovery. EUR/JPY chart, 1-Hour Spot rate: 125.90 Daily Low: 124.98 Daily High: 126.37 Trend: Bearish, with chances of some near-term corrective bounce. Support 1: 125.00 (psychological mark) Support 2: 124.62 (11-month low set yesterday) Support 3: 124.32 (S1 daily pivot point) Resistance 1: 126.35 (intraday swing high) Resistance 2: 127.01 (R1 daily pivot point) Resistance 3: 127.23 (100-SMA H1) 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 EUR/USD fades a spike to 1.1610 ahead of German CPI FX Street 5 years "¢ Snap six days of losing streak amid near-term oversold conditions. "¢ 50-period SMA on 1-hourly chart hinders the recovery momentum. "¢ Weakness back below 125.60 level to fade prospects of any further recovery. EUR/JPY chart, 1-Hour Spot rate: 125.90 Daily Low: 124.98 Daily High: 126.37 Trend: Bearish, with chances of some near-term corrective bounce. Support 1: 125.00 (psychological mark) Support 2: 124.62 (11-month low set yesterday) Support 3: 124.32 (S1 daily pivot point)… 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.
