The common European currency appreciated about 79 base points against the Japanese Yen on Tuesday. The currency pair has revealed a new junior ascending channel pattern.
After hitting the upper boundary of the junior ascending channel at 125.53, the exchange rate made a pullback down.
Most likely, the currency exchange rate will continue its decline towards a support level at 124.80 within this session.
If the support level holds, a potential bullish sentiment could be introduced during the following trading session.
