The common European currency traded sideways movement against the Japanese Yen during Friday’s trading session.
Everything being equal, the EUR/JPY currency pair might edge lower within this session. The potential target for bearish traders would be near the 50.00% Fibonacci retracement level at 117.28.
If a support cluster formed by the combination of the 100– and 200– hour SMAs holds, the Euro will most likely continue to gain strength against the Yen during the following trading session.
