During yesterday’s trading session, the EUR/JPY currency pair depreciated about 134 basis points. The pair tested Monday’s low level at 117.60 at the end of the previous session.
However, today’s trading session began with bullish momentum, and by the middle of the European session, the exchange rate has tested a psychological resistance level at 119.00.
Nevertheless, technical indicators demonstrate that the currency exchange rate might continue to move south during the following trading session.
