Home / Forex Treding / EUR/JPY Price Forecast: Trades near 181.50 after rebounding from descending channel bottom

EUR/JPY Price Forecast: Trades near 181.50 after rebounding from descending channel bottom

EUR/JPY gains ground after two days of losses, trading around 181.50 during the Asian hours on Friday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias.

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