EUR/JPY Outlook (27 August 2021)

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EUR/JPY Outlook (27 August 2021)

ByJin Dao Tai

 AUG 27, 2021

EUR/JPY Outlook (27 August 2021)

Overall, EUR/JPY is trending downwards.

Day 1 of the Jackson Hole Symposium will be held today. During this time, expect volatility in EUR/JPY.

EUR/JPY’s next support zone is at 128.500 and the next resistance zone is at 130.000.

Look for short-term selling opportunities of EUR/JPY up until the Federal Reserve Chairman Powell’s speech at 2200 (GMT+8).

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