The common European currency has continued to edge lower against the Japanese Yen. The currency pair lost about 0.48% in value during yesterday’s trading session.
The 50-hour simple moving average could still provide resistance for the exchange rate within this session.
Given that the 50-, 100– and 200-hour SMAs are above the price level and technical indicators suggest bearish signals, most likely, the EUR/JPY currency exchange rate might continue its southern movement during the following trading session.
