Currently, EUR/JPY is trading at 117.56. After starting a downtrend on 13 April, the pair is now making a lower low, lower high price pattern. As the price is already trading in the down trend, its next support level is at 116.96 on its support zone and that is the next target as well.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat