The correction lower in EUR/JPY appears to have met decent contention in the vicinity of 124.00 the figure, where it is now attempting to rebound from. The weekly down move recently picked up extra pace after the cross broke below the 125.64/43 band, where coincide the 10-, 100-, 55- and 21-day SMAs. Despite the onoging bounce off earlier lows, the cross is expected to remain under pressure while another visit to the 123.60 region still stays on the cards in the near term. In the meantime, the cross needs to clear the multi-month resistance line, today ay 126.57, to alleviate downside pressure and shift its focus to 2019 highs in the mid-127.00s seen in early March. 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 Forex Today: Antipodeans lifted amid Asia risk-off, US Q1 GDP in spotlight FX Street 4 years The correction lower in EUR/JPY appears to have met decent contention in the vicinity of 124.00 the figure, where it is now attempting to rebound from. The weekly down move recently picked up extra pace after the cross broke below the 125.64/43 band, where coincide the 10-, 100-, 55- and 21-day SMAs. Despite the onoging bounce off earlier lows, the cross is expected to remain under pressure while another visit to the 123.60 region still stays on the cards in the near term. In the meantime, the cross needs to clear the multi-month resistance line, today ay 126.57, to alleviate… 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.
