Sun, Oct 17, 2021 @ 02:50 GMT
HomeContributorsTechnical AnalysisEUR/JPY Bears Could Prevail

EUR/JPY Bears Could Prevail

On Friday, the common European currency declined by 78 pips or 0.68% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Friday’s trading session.

All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for bearish traders will be near the 128.20 area.

However, the support level at 128.65 could provide support for the EUR/JPY currency exchange rate within this session.

Dukascopy Swiss FX Group
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading