2020-09-09 16:48
Market analysisEUR/JPY Outlook (09 September 2020)
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Market analysis：
Overall, EUR/JPY is ranging across. Recently, EUR/JPY moved lower into the support zone of 124.600.
The eurozone quarterly final employment change data released yesterday indicated a slight downwards revision in employment change and a slight improvement in the economic growth.
-Final Employment Change q/q (Actual: -2.9%, Forecast: -2.8%, Previous: -2.8%)
-Revised GDP q/q (Actual: -11.8%, Forecast: -12.1%, Previous: -12.1%)
Currently, EUR/JPY is testing the support zone of 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY if it breaks the support zone of 124.600.`
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EUR/JPY Outlook (09 September 2020)
Singapore | 2020-09-09 16:48Overall, EUR/JPY is ranging across. Recently, EUR/JPY moved lower into the support zone of 124.600.
The eurozone quarterly final employment change data released yesterday indicated a slight downwards revision in employment change and a slight improvement in the economic growth.
-Final Employment Change q/q (Actual: -2.9%, Forecast: -2.8%, Previous: -2.8%)
-Revised GDP q/q (Actual: -11.8%, Forecast: -12.1%, Previous: -12.1%)
Currently, EUR/JPY is testing the support zone of 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY if it breaks the support zone of 124.600.`
Forex
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