EUR/JPY keeps the multi-day consolidative theme unaltered so far. JPY-selling fuels the recent move up in the cross . EUR/JPY is looking to add to Monday’s gains in the 120.00 neighbourhood, although the move higher met moderate resistance near 120.30, where sits the 21-day SMA. In the meantime, the inability of the cross to breakout the ongoing rangebound pattern, ideally in the near-term, could prompt sellers to step back in and spark a correction lower to the 119.58/24 band, where coincide the 100-day and 55-day SMAs as well as November’s low. In order to alleviate the immediate downside pressure, the cross needs to overcome recent peaks around 120.70. Further up aligns the critical resistance in the 121.50 region. 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 Central Bank of Russia: In search of the neutral level – Nordea FX Street 3 years EUR/JPY keeps the multi-day consolidative theme unaltered so far. JPY-selling fuels the recent move up in the cross . EUR/JPY is looking to add to Monday's gains in the 120.00 neighbourhood, although the move higher met moderate resistance near 120.30, where sits the 21-day SMA. In the meantime, the inability of the cross to breakout the ongoing rangebound pattern, ideally in the near-term, could prompt sellers to step back in and spark a correction lower to the 119.58/24 band, where coincide the 100-day and 55-day SMAs as well as November's low. In order to alleviate the immediate downside pressure, the… 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.
