JinDao_Tai

EUR/JPY Outlook (07 August 2020)

FX:EURJPY   Euro / Japanese Yen
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY moved lower into the key level of 125.

Japanese banks will be closed next Monday in observance of Mountain Day. Expect lower trading volatility and volume during the Japanese market session.

Currently, EUR/JPY is testing to break below the key level of 125. Its next support zone is at 124.200 and the next resistance zone is at 126.500.
Look for buying opportunities of EUR/JPY if it bounces up from the key level of 125.

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