EURJPY : Monthly Support below 125

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EUR to Yen Currency exchange is hovering near 125 which is acting as monthly support level.The recent low of 124.50 zone which is extending the fridays downtrend is in progress.Sellers looking still in progress as no new change has been happened yet.

Furthermore the rally is needed to attract the buyers for returns on their investments.

EURJPY remains on the bearish state for the second consecutive day as it takes rounds to the intraday low of 124.67, currently around 124.73, while nearing into the European session today.During the last week, the pair failed to extend its north-run beyond the late-April 2019.

Meanwhile, 125 and the monthly top near 126 could entertain the intraday buyers during the pair’s fresh pullback moves. Though, any more upside past 125.50 will easily break 126.00 to challenge April 2019 top near 126.80.

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