OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY Technical Analysis: Further upside faces strong hurdle at the 5-month resistance line at 119.57

  • EUR/JPY is flirting with the 5-month resistance line in the 119.60 region, coming under renewed downside pressure via a stronger JPY.
  • A clear breakout of this resistance area along with the psychological 120.00 handle should put the 100-day SMA at 120.69 back on the radar.
  • Further up lines up emerge late July peaks in the 121.40 area.

EUR/JPY daily chart 


OECD cuts 2019 global growth forecast to 2.9% from 3.2%

In its latest report, the Organization for Economic Co-operation and Development (OECD) cut its forecasts for the global economy, with further headlin
Read more Previous

Ireland’s Coveney: We need to see credible proposals from UK

The Irish Foreign Minister Simon Coveney is on the wires now, via Reuters, saying that if the British government wants to remove parts of withdrawal a
Read more Next
Start livechat