EURJPY Weekly Technical Analysis

The euro yen is moving in a descending price channel. The decline is expected to continue from the resistance area at 128.50 levels, to target the support area at 126.91 levels as a first target until the second support area at 125.35 levels, from which we expect the week’s bottom to form.
But in the event that the four-hour candle closes above the level of 128.85 and the price is pivoting above the level, we expect the beginning of the rise and targeting the second resistance area at 130.66 levels, including the resistance area, we expect it to form the top of the week.