Upside risks dominated the common European currency against the against the Japanese Yen on Thursday. The exchange rate rose by about 100 base points during Thursday’s trading session.
The currency pair is currently trading near a resistance level formed by the monthly R3 at 127.25. If this resistance line holds, a pullback towards the 126.60 mark could be expected within this session.
On the other hand, if the currency exchange rate passes the monthly R3 at 127.25, the next target for bullish traders will be a December 2018 high level at 129.00.
– advertisement –
Install your trader software at VPS server of one of the super fast providers:
Finance news
 Stocks making the biggest moves premarket: Travelers, American Airlines, Signet Jewelers and moreCheck out the companies making headlines before the bell:Travelers (TRV) – The insurance company reported ... Read More  UK launches crackdown on ‘misleading’ cryptocurrency adsThe crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF ... Read More  Wage inflation has arrived in a big way and Jamie Dimon says CEOs ‘shouldn’t be crybabies about it’Jamie Dimon, chief executive officer of JPMorgan Chase & Co.Giulia Marchi | Bloomberg | Getty ... Read More |
