EUR/JPY
The common European currency has edged lower by 42 basis points against the Japanese Yen since yesterday's trading session. The currency pair breached the 23.60% Fibonacci retracement level at 122.13 during the Asian trading session on Tuesday.
As for the near future, the EUR/JPY exchange rate could continue to decline. The potential target will be at the 50.00% Fibonacci level at 121.47 within the following trading session.
However, the currency exchange rate might reverse north from the 38.20% Fibo at 121.77 during the following trading session.
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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