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EUR/JPY Price Forecast: Tests nine-day EMA support near 180.00

EUR/JPY has pared back its recent gains from the previous day, trading around 180.10 during Asian hours on Friday.

EUR/JPY has pared back its recent gains from the previous day, trading around 180.10 during Asian hours on Friday.

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. 44 words on the desk. Trading involves risk. Headline credited to FXStreet.

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