The common European currency on Friday remained against the Japanese Yen near the lower trend line of the dominant channel down pattern. However, it had made one failed attempt to pass the support.
By the middle of Friday's trading session the rate had made and failed at an attempt to gain more ground to the upside. Namely, the rate's surge had been stopped by the combined resistance of the 55-hour SMA and the weekly S2 nar the 128.50 mark.
In regards to the future there are two scenarios. Either the pair manages to pass the 128.50 and set course for 129.50, or the rate gets beaten down to the dominant support by the 55-hour simple moving average.