The EUR/JPY currency pair consolidated above the support level at 128.60 on Friday.
Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, the Japanese Yen could edge higher against the common European currency within the following trading session. The potential target for the exchange rate might be near the 128.00 level.
However, the support level at 128.60 could provide support for the currency exchange rate within Monday’s trading session.
