Euro gets strengthened by 0.68% amid Draghi speech

As it was projected yesterday, the downfall of the EUR/JPY was expectedly stopped between the 128.60 and 128.70 levels. Afterwards, the currency pair has successfully restored lost positions, by soaring though the 20-, 55- and 100-hour SMAs. However, the climb to the weekly PP at 129.46 was stopped amid a release of the ECB's Minimum Bid Rate and the subsequent speech delivered by Mario Draghi. Initially, the pair lost 34 pips, but then it skyrocketed by 88 basis points. The noteworthy fact is that this core fundamental event did not throw the Euro out from the one week long ascending channel. After the markets will calm down, the pair most probably is going to slide back to the above weekly PP, which is already additionally protected by the 200-hour SMA.