EUR/JPY Hovers Near 187.00 After Pullback from Ascending Channel Top
EUR/JPY slipped to around 187.20 in Asian trading Thursday, retreating from the top of its rising channel after two days of gains.
EURJPY
EUR/JPY weakened slightly on Thursday, trading near 187.20 during Asian hours following a two-day advance. The cross pulled back after testing the upper boundary of a near-term ascending channel.
Despite the dip, the outlook remains constructive. The pair continues to hold above both the nine-day and 50-day exponential moving averages, underpinning a bullish bias in the short term.
Source: FXStreet Forex News