EURJPY–near resistance zone

09 February 2021

EURJPY currently stands at the resistance of the downward sloping trend line suggesting limited upside potential. RSI is declining supporting the above observation and indicating further downside potential for the currency pair. It would be prudent to say that the pair could decline towards 126.25 and 125.75 while it sustains below 127.25.

Prepared by
Technical Analysis Team

Disclaimer: This information has been produced by a third party, for general information purposes only, and is not indicative of future results. Abans Global takes no responsibility for its accuracy or completeness. Any opinions expressed do not reflect those of Abans Global. This information does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should seek independent advice before making investment decisions. Reproduction of this information, in whole or in part, is not permitted. Please note: If you are a Professional client, you are not eligible for negative balance protection and you could lose more than your initial deposit.

Trade with
Abans Global

  • Authorised and Regulated by FCA
  • Customer Support 24/5
  • Low Spread & Commission
  • Instant Execution
  • No Dealing Desk
Interested in knowing more about our products

Simply send an e-mail to us at
support@abansglobal.co.uk

Contact us on
+44 (0) 203 868 5803
+44 (0) 203 868 5825

We will be happy to address all your queries

Our Products

Offering state of the art execution services through multiple top-tier liquidity providers. Abans Global provides you with a tailor-made solution to match the demanding requirements of your business, with the multi-assets offering, advanced trading platforms and FIX API connectivity that provides ultra-low latency.

Equities

Global    Equities

Know More

View more
Forex

Forex

Know More

View more
Cfd’s

Cfd’s

Know More

View more
Indices

Indices

Know More

View more
Commodities

Commodities

Know More

View more

Create Demo Account

Try Demo

Create Live Account

Sign In