EUR/JPY Outlook (03 December 2020)

FX:EURJPY   Euro / Japanese Yen
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY trended into the resistance zone of 126.700.
The eurozone unemployment rate data (Actual: 8.4%, Forecast: 8.4%, Previous: 8.5% revised from 8.3%) released yesterday indicated a slight decline in unemployment.

The eurozone Retail Sales m/m data (Forecast: 0.7%, Previous: -2.0%) will be released later at 1800 ( SGT ).

Currently, EUR/JPY is testing the resistance zone of 126.700 and the next support zone is at 124.750.
Look for buying opportunities of EUR/JPY if it breaks the resistance zone of 126.700.

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