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JinDao_Tai
Jan 27, 2021 3:15 AM

EUR/JPY Outlook (27 January 2021) 

Euro Fx/Japanese YenFXCM

Description

Overall, EUR/JPY is ranging across.

The Japanese Retail Sales y/y data (Forecast: -0.4%, Previous: 0.6% revised from 0.7%) will be released tomorrow at 0750 (SGT).

Currently, EUR/JPY is testing to break above the key level of 126. Its next support zone is at 125.000 and the next resistance zone is at 127.150.
Look for buying opportunities of EUR/JPY if it breaks above the key level of 126.
Comments
Dave-FX-Hunter
Thank you so much
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