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EUR/JPY Outlook (14 December 2021)

Short
Euro / Japanese Yen (FX:EURJPY)  
JinDao_Tai  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Forex macro technical trend EURJPY Contains image
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trendanalysis forex macro technical trend eurjpy containsimage
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced off the resistance zone of 128.500.

Currently, EUR/JPY is moving down towards the key level of 128. Its next support zone is at 127.200 and its next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY if it breaks below the key level of 128.
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