EUR/JPY Potential Target At 126.40

The common European currency declined by 32 pips or 0.25% against the Japanese Yen on Wednesday. The weekly pivot point at 126.71 provided support for the currency exchange rate during yesterday’s trading session.

All things being equal, the exchange rate could continue to edge lower during the following trading session. The possible target for sellers would be near the lower boundary of an ascending channel pattern at 126.40.

However, the 200– hour simple moving average at 126.63 could provide support for the currency exchange rate within this session.

Recent Posts

See All



Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.


Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with