EUR/JPY probed the 130.66/68 recent highs again but was unable to close above that area. Therefore, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, turns the focus to the 129.40 uptrend. EUR/JPY’s spike higher failed “EUR/JPY popped through the mid-March high at 130.66, BUT we have again failed to CLOSE above here and the RSI continues to diverge. This looks like a failure to break higher and attention reverts to the uptrend at 129.40.” “The uptrend guards the current March lows at 128.37/20 and also at the January high at 127.50.” 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 USD/ZAR to find the bottom of the downtrend at 14.30 – Credit Suisse FX Street 2 years EUR/JPY probed the 130.66/68 recent highs again but was unable to close above that area. Therefore, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, turns the focus to the 129.40 uptrend. EUR/JPY's spike higher failed "EUR/JPY popped through the mid-March high at 130.66, BUT we have again failed to CLOSE above here and the RSI continues to diverge. This looks like a failure to break higher and attention reverts to the uptrend at 129.40." "The uptrend guards the current March lows at 128.37/20 and also at the January high at 127.50." 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.
