EURJPY Analysis: Tests weekly R2 at 133.00
|EURJPY
Upside risks dominated the EUR/JPY currency pair on Thursday. The single European currency ended the trading session with about 155 base point gain against the Japanese Yen.
The exchange rate tested the weekly R2 at 133.00 during the first part of Friday's session. If the pair passes this resistance level, the next target will be the upper boundary of a one-month ascending channel at 133.00.
Although, the resistance line, as mentioned earlier, could hinder the currency exchange rate from reaching this target within this trading session.
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