2020-08-14 17:31
Market analysisEUR/JPY Outlook (14 August 2020)
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Market analysis：
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY trended higher into the resistance zone of 126.500.
The eurozone Flash Employment Change q/q and Flash GDP q/q data will be released later at 1700 (SGT).
-Flash Employment Change q/q (Forecast: TBA, Previous: -0.2%)
-Flash GDP q/q (Forecast: -12.1%, Previous: -12.1%)
The Japanese Preliminary GDP q/q data (Forecast: TBA, Previous: -0.6% revised from -0.9%) will be released next Monday at 0750 (SGT).
Currently, EUR/JPY is testing the resistance zone of 126.500 and the next support zone is at 124.200.
Look for buying opportunities of EUR/JPY if it breaks the resistance zone of 126.500.
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EUR/JPY Outlook (14 August 2020)
Singapore | 2020-08-14 17:31Overall, EUR/JPY is trending upwards. Recently, EUR/JPY trended higher into the resistance zone of 126.500.
The eurozone Flash Employment Change q/q and Flash GDP q/q data will be released later at 1700 (SGT).
-Flash Employment Change q/q (Forecast: TBA, Previous: -0.2%)
-Flash GDP q/q (Forecast: -12.1%, Previous: -12.1%)
The Japanese Preliminary GDP q/q data (Forecast: TBA, Previous: -0.6% revised from -0.9%) will be released next Monday at 0750 (SGT).
Currently, EUR/JPY is testing the resistance zone of 126.500 and the next support zone is at 124.200.
Look for buying opportunities of EUR/JPY if it breaks the resistance zone of 126.500.
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