EUR/JPY looks to add to the rally near 121.00. The cross remains bid amidst a weaker Dollar. Focus of attention remains on Brexit deal and UK politics. The upbeat momentum in the single currency continues to prop up the rally in EUR/JPY to the 121.00 region, where some decent resistance has emerged so far. EUR/JPY focused on Brexit, risk appetite The cross keeps its march north unabated for the second week in a row today, trading in the area of 3-month peaks in the 121.00 neighbourhood. The positive momentum surrounding the European currency coupled with persistent outflows from the Japanese safe haven in favour of riskier assets have been sustaining the sharp rebound in the cross to levels last seen in late July. In addition, the recently clinched Brexit deal has added to the broad-based positive momentum in the risk-complex, giving extra support to the upside in the cross. In the meantime, markets’ attention remains on the EU Summit, which finishes later today and the Brexit vote at the UK Parliament tomorrow. EUR/JPY relevant levels At the moment the cross is gaining 0.05% at 120.90 and faces the next hurdle at 121.35 (monthly high Oct.17) seconded by 122.26 (200-day SMA) and then 123.35 (monthly high Jul.1). On the flip side, a breach of 119.79 (100-day SMA) would expose 118.35 (55-day SMA) and finally 117.07 (monthly low Oct.3/7). 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 G20 to make a statement on cryptocurrencies – the deputy finance minister of the Russian Federation FX Street 3 years EUR/JPY looks to add to the rally near 121.00. The cross remains bid amidst a weaker Dollar. Focus of attention remains on Brexit deal and UK politics. The upbeat momentum in the single currency continues to prop up the rally in EUR/JPY to the 121.00 region, where some decent resistance has emerged so far. EUR/JPY focused on Brexit, risk appetite The cross keeps its march north unabated for the second week in a row today, trading in the area of 3-month peaks in the 121.00 neighbourhood. The positive momentum surrounding the European currency coupled with persistent outflows from the Japanese… 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.
