EUR/JPY Outlook (25 June 2021)
ByJin Dao Tai
JUN 25, 2021
Overall, EUR/JPY is trending downwards.
The German ifo Business Climate data (Actual: 101.8, Forecast: 100.8, Previous: 99.2) released yesterday indicated an increase in the level of optimism from the surveyed businesses on the Germany’s business conditions for the next 6 months.
Currently, EUR/JPY is moving towards the resistance zone of 132.800 and the next support zone is at 130.800.
Look for short-term selling opportunities of EUR/JPY.
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