Overall, EUR/JPY is ranging across. Recently, EUR/JPY strengthened after the European Central Bank downplayed the recent appreciation of EUR/USD, with a report stating that there’s no need to overreact to the recent rally. The ECB kept interest rate unchanged at 0.00% and no new changes in policy was carried out.
Yesterday, the European Commission released a statement following the extraordinary meeting of the EU-UK joint-committee highlighting that the Brexit Withdrawal Agreement is a legal obligation for the UK to implement with no exception, failing to do so will be considered breaking international law and will affect future relationship negotiations between both countries.
EUR/JPY’s next support zone is at 124.600 and the next resistance zone is at 126.700.
Look for short-term buying opportunities of EUR/JPY.
Yesterday, the European Commission released a statement following the extraordinary meeting of the EU-UK joint-committee highlighting that the Brexit Withdrawal Agreement is a legal obligation for the UK to implement with no exception, failing to do so will be considered breaking international law and will affect future relationship negotiations between both countries.
EUR/JPY’s next support zone is at 124.600 and the next resistance zone is at 126.700.
Look for short-term buying opportunities of EUR/JPY.