The sell-off in EUR/JPY following the FOMC meeting is now testing the 10-day SMA in the 125.80 region. Further gains in the Japanese safe haven could spark a deeper correction to, initially, the 55-day SMA at 125.22. In the meantime, while above the short-term support line at 124.48, the constructive stance on the cross should remain unchanged for the time being. 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 SNB leaves key rate unchanged at -0.75%, USD/CHF unfazed near 0.9925-30 region FX Street 4 years The sell-off in EUR/JPY following the FOMC meeting is now testing the 10-day SMA in the 125.80 region. Further gains in the Japanese safe haven could spark a deeper correction to, initially, the 55-day SMA at 125.22. In the meantime, while above the short-term support line at 124.48, the constructive stance on the cross should remain unchanged for the time being. 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.
