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EUR/JPY Price Forecast: Eyes nine-day EMA barrier near 180.00

EUR/JPY gains ground after registering modest losses the previous day, trading around 179.70 during Asian hours on Monday.

EUR/JPY gains ground after registering modest losses the previous day, trading around 179.70 during Asian hours on Monday.

Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook.

Market commentary only, not advice. 43 words on the desk. Trading involves risk. Headline credited to FXStreet.

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