EUR/JPY is fading yesterday’s rebound from new yearly lows in the mid-116.00s, while the upside remains limited by the proximity of the 10-day SMA in the 117.80 area. In case bulls regain the upper hand, the next hurdle of relevance should come in at 118.50, where sits the 21-day SMA. Looking at the broader picture, while below the 55-day SMA at 120.53 and the multi-month resistance line at 120.69, the bearish view is expected to remain unchanged. 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 market update: BTC/USD hitting a lower high pattern FX Street 4 years EUR/JPY is fading yesterday's rebound from new yearly lows in the mid-116.00s, while the upside remains limited by the proximity of the 10-day SMA in the 117.80 area. In case bulls regain the upper hand, the next hurdle of relevance should come in at 118.50, where sits the 21-day SMA. Looking at the broader picture, while below the 55-day SMA at 120.53 and the multi-month resistance line at 120.69, the bearish view is expected to remain unchanged. 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.
