EUR/JPY

The common European currency declined by 48 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the weekly support level at 126.22 during yesterday's trading session.

The exchange rate could continue to edge lower in a descending channel pattern during the following trading session. The potential target for the EUR/JPY pair would be near the 126.00 area.

However, the weekly S1 at 126.22 could still provide support for the currency exchange rate within this 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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