EUR/JPY is prolonging the downside for yet another session on Tuesday, coming down to test the critical 200-day SMA and below albeit recovering some ground afterwards. A drop below the 200-day SMA on a sustainable note could accelerate losses to the short-term support line, initially, at 130.48. Further south, the 55-day SMA and the 100-day SMA should offer some additional contention at 129.61 and 129.36, respectively. On the flip side, the initial hurdle aligns at the 10-day SMA, at 132.09. EUR/JPY daily chart Daily high: 132.02 Daily low: 130.71 Support Levels S1: 131.60 S2: 131.29 S3: 130.85 Resistance Levels R1: 132.34 R2: 132.79 R3: 133.09 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 GBP/USD Technical Analysis: Manages to defend an ascending trend-line support FX Street 4 years EUR/JPY is prolonging the downside for yet another session on Tuesday, coming down to test the critical 200-day SMA and below albeit recovering some ground afterwards. A drop below the 200-day SMA on a sustainable note could accelerate losses to the short-term support line, initially, at 130.48. Further south, the 55-day SMA and the 100-day SMA should offer some additional contention at 129.61 and 129.36, respectively. On the flip side, the initial hurdle aligns at the 10-day SMA, at 132.09. EUR/JPY daily chart Daily high: 132.02 Daily low: 130.71 Support Levels S1: 131.60 S2: 131.29 S3: 130.85 Resistance Levels R1:… 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.
