The recovery in EUR/JPY has already left behind the 10-day SMA and the 21-day SMA at 117.33 and 117.72, respectively. The continuation of the up move could well see the key 55-day SMA at 119.78 re-tested. This important area of resistance is also reinforced by the multi-month resistance line at 120.29. On the downside, the 10-day SMA should offer interim support ahead of 2019 lows in the 115.80 region. 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 Bitcoin price prediction: BTC/USD key hurdles in the rearview ahead of the weekend-Bitcoin Confluence FX Street 4 years The recovery in EUR/JPY has already left behind the 10-day SMA and the 21-day SMA at 117.33 and 117.72, respectively. The continuation of the up move could well see the key 55-day SMA at 119.78 re-tested. This important area of resistance is also reinforced by the multi-month resistance line at 120.29. On the downside, the 10-day SMA should offer interim support ahead of 2019 lows in the 115.80 region. 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.
