EUR/JPY making a series of higher lows with eyes on the 200-DMA. Pullbacks likely to hold 119.40/118.80. With the 6-month downtrend at 118.77 in the rearview mirror, EUR/JPY had accomplished the 120 handle and now the 121 handle, testing the 121.50 highs having broken beyond the July highs. The cross is basing in the 120s at this juncture and has not looked back for nine consecutive days of higher closing lows. The next stop for the bulls will be the 200-day moving average of 122.20. “We note the 13 count on the 240-minute chart, but pullbacks are indicated as likely to hold 119.40/118.80. Dips lower will find support at the 55-day ma at 118.32/28 ahead of the 117.49 uptrend,” analysts at Commerzbank argued. 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 GBP/USD: Firm around five-month high despite recently challenging Brexit headlines FX Street 3 years EUR/JPY making a series of higher lows with eyes on the 200-DMA. Pullbacks likely to hold 119.40/118.80. With the 6-month downtrend at 118.77 in the rearview mirror, EUR/JPY had accomplished the 120 handle and now the 121 handle, testing the 121.50 highs having broken beyond the July highs. The cross is basing in the 120s at this juncture and has not looked back for nine consecutive days of higher closing lows. The next stop for the bulls will be the 200-day moving average of 122.20. "We note the 13 count on the 240-minute chart, but pullbacks are indicated as… 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.
