EUR/JPY is extending the choppy trade seen in past sessions, although a sustainable breakout of the 118.00 barrier still looks elusive. A break above the current consolidation should expose the immediate target at 119.01, where sits the 21-day SMA, ahead of 119.58 (high August 13). Looking at the broader picture, while below the 55-day SMA at 120.72 the bearish view is expected to remain unchanged. This area is also reinforced by the multi-month resistance line at 120.88. 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 US Dollar Index Technical Analysis: The constructive outlook stays unchanged above the support line at 97.62 FX Street 4 years EUR/JPY is extending the choppy trade seen in past sessions, although a sustainable breakout of the 118.00 barrier still looks elusive. A break above the current consolidation should expose the immediate target at 119.01, where sits the 21-day SMA, ahead of 119.58 (high August 13). Looking at the broader picture, while below the 55-day SMA at 120.72 the bearish view is expected to remain unchanged. This area is also reinforced by the multi-month resistance line at 120.88. 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.
