ByJin Dao Tai
AUG 18, 2021
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke the support zone of 128.500.
The eurozone flash employment change q/q data released yesterday indicated a rebound in employment during the second quarter. The GDP q/q data released indicated continued growth in the economy at the same pace during the second quarter.
- Flash Employment Change q/q (Actual: 0.5%, Forecast: 0.2%, Previous: -0.2% revised from -0.3%)
- Flash GDP q/q (Actual: 2.0%, Forecast: 2.0%, Previous: 2.0%)
EUR/JPY’s next support zone is at 127.150 and the next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
No comments yet. Be the first to share your view.