2020-08-05 17:27
Market analysisEUR/JPY Outlook (05 August 2020)
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Market analysis：
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY bounced off the support zone of 124.200.
The eurozone Final Services PMI data (Forecast: 55.1, Previous: 55.1) will be released later at 1600 (SGT).
Also, the eurozone Retail Sales m/m data (Forecast: 6.5%, Previous: 17.8%) will be released later at 1630 (SGT).
Bank of Japan Governor Kuroda will be speaking at a webinar later at 2000 (SGT). During this time, there may be volatility in JPY.
EUR/JPY next support zone of 124.200 and the next resistance zone is at 126.500.
Look for buying opportunities of EUR/JPY.
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EUR/JPY Outlook (05 August 2020)
Singapore | 2020-08-05 17:27Overall, EUR/JPY is trending upwards. Recently, EUR/JPY bounced off the support zone of 124.200.
The eurozone Final Services PMI data (Forecast: 55.1, Previous: 55.1) will be released later at 1600 (SGT).
Also, the eurozone Retail Sales m/m data (Forecast: 6.5%, Previous: 17.8%) will be released later at 1630 (SGT).
Bank of Japan Governor Kuroda will be speaking at a webinar later at 2000 (SGT). During this time, there may be volatility in JPY.
EUR/JPY next support zone of 124.200 and the next resistance zone is at 126.500.
Look for buying opportunities of EUR/JPY.
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