EUR/JPY

On Wednesday, the common European currency declined by 74 pips or 0.56% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during yesterday's trading session.

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the EUR/JPY exchange rate could continue to trend lower in a descending channel pattern within this session.

However, sellers may encounter support at 131.59 during Thursday's trading session.

EURJPY

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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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