The EUR/JPY in close to reaching a key support level

The Euro versus the Yen continued dropping today and it has come very close to its most recent support around the 126.90 level. Attention to a possible visit to this zone, which could happen next week, due to the possibility that his area could cause the price to stall there or bounce to the upside. None the less, if the bearish momentum persists, we could see a breakdown of that support, but we should also keep in mind that the markets don’t drop or rise in a straight line and due to the fact that the pair has been in a steady drop during this whole week, there is a good probability of seen a retracement for next week.