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Forex pairs in this Article » EUR/JPY (Barcelona) - The momentum circling the single currency is fading away on Wednesday, dragging the pair from highs in the proximities of 126.50 to the current area of 125.60
A weaker yen, actually trading around 93.50/60 against the greenback, is also collaborating in this correction lower of EURJPY.

At the moment, the pair is down 0.22% at 125.47 with the next support at 124.75 (low Feb.13) ahead of 124.00 (psychological level) and then 123.52 (low Feb.11).
On the upside, a break above 126.94 (high Feb.12) would bring 127.00 (psychological level) and then 127.48 (high Feb.7).
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