Euro came under selling pressure against the Japanese Yen on Wednesday amid soured risk sentiment, falling to sub-124.00 area flirting with the weekly lows of 123.40 posted on Tuesday.
Bearish stance for the cross remains intact below 125.00 and potential for testing 122.50 level is very likely. Alternatively, the downside pressure will be alleviated if price closes beyond 125.00.
Technical Levels to Consider
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