Sun, Oct 17, 2021 @ 04:20 GMT
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EUR/JPY Rebounds From Support

During Tuesday’s trading session, the common European currency fell by 70 pips or 0.54% against the Japanese Yen. The currency pair tested the 128.00 level on Wednesday.

All things being equal, the EUR/JPY exchange rate could continue to edge lower. A breakout through the lower line of a descending channel pattern could occur within this session.

However, if the channel pattern holds, buyers could pressure the currency exchange rate higher towards the 200– hour SMA at 129.21 during the following trading 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.

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