The leg lower in the cross has picked up extra pace following the recent breakdown of the 125.90/50 band, a zone of congestion where are located the 10-, 100-, 55- and 21-day SMAs. The deterioration in sentiment remains in place so far today and against this backdrop EUR/JPY is expected to re-visit the 123.60 region, where sits the March low. In the meantime, the cross needs to clear the multi-month resistance line, today ay 126.57, to alleviate downside pressure and refocus to recent tops near 126.00 the figure. 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: Upside momentum remains unabated in the greenback. Next stop at 100.51 FX Street 4 years The leg lower in the cross has picked up extra pace following the recent breakdown of the 125.90/50 band, a zone of congestion where are located the 10-, 100-, 55- and 21-day SMAs. The deterioration in sentiment remains in place so far today and against this backdrop EUR/JPY is expected to re-visit the 123.60 region, where sits the March low. In the meantime, the cross needs to clear the multi-month resistance line, today ay 126.57, to alleviate downside pressure and refocus to recent tops near 126.00 the figure. 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.
