EURJPY Chart Technical Outlook needs to break above 158.65 to exit the corrective channel
The Euro remains trading in a choppy manner, still trapped in an extended downward correction from late August lows.
Technical indicators are showing a somewhat stronger bullish momentum on Wednesday. Bulls, however, need to breach the 158.65 level to confirm the end of the correction and set their focus on the 160.00 level.
On the downside, supports are 157.40 and 156.65 ahead of the channel bottom, at 155.56.