EUR/JPY is testing the current December high at 126.73 and is poised to look for the September high which sits at 127.07, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “EUR/JPY revisits major resistance at 126.53/127.50. It is comprised of the 2014-2020 downtrend line as well as the 2019 and 2020 highs. The current December high at 126.73 is about to be reached, as is the mid-August high at 126.75 above which lies the September peak at 127.07.” “We will retain a bullish bias while the current December low at 125.72 underpins. Further nearby support comes in at the October and November highs at 125.13/09. Failure at 125.09 is needed to alleviate immediate upside pressure and cast attention back to the November 19 low at 122.85 and the October low at 121.63.” 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 Banxico to resume easing in 2021, greater confidence in MXN – TDS FX Street 2 years EUR/JPY is testing the current December high at 126.73 and is poised to look for the September high which sits at 127.07, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “EUR/JPY revisits major resistance at 126.53/127.50. It is comprised of the 2014-2020 downtrend line as well as the 2019 and 2020 highs. The current December high at 126.73 is about to be reached, as is the mid-August high at 126.75 above which lies the September peak at 127.07.” “We will retain a bullish bias while the current December low at 125.72 underpins. Further nearby support comes… 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.
