2020-08-06 15:46
Market analysisEUR/JPY Outlook (06 August 2020)
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Market analysis：
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY trended higher, breaking above the key level of 125.
The eurozone Final Services PMI data (Actual: 54.7, Forecast: 55.1, Previous: 55.1) released yesterday indicated a slight downward revision in the growth of the services sector in July.
Also, the eurozone Retail Sales m/m data (Actual: 5.7%, Forecast: 6.5%, Previous: 20.3% revised from 17.8%) released indicated a slowdown in consumer spending in June.
EUR/JPY’s next support zone of 124.200 and the next resistance zone is at 126.500.
Look for buying opportunities of EUR/JPY.
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EUR/JPY Outlook (06 August 2020)
Singapore | 2020-08-06 15:46Overall, EUR/JPY is trending upwards. Recently, EUR/JPY trended higher, breaking above the key level of 125.
The eurozone Final Services PMI data (Actual: 54.7, Forecast: 55.1, Previous: 55.1) released yesterday indicated a slight downward revision in the growth of the services sector in July.
Also, the eurozone Retail Sales m/m data (Actual: 5.7%, Forecast: 6.5%, Previous: 20.3% revised from 17.8%) released indicated a slowdown in consumer spending in June.
EUR/JPY’s next support zone of 124.200 and the next resistance zone is at 126.500.
Look for buying opportunities of EUR/JPY.
Forex
Others
Others
Others
Others
Others
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