*EURJPY Tend Analysis over H4 Chart.*
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced up from the key level of 129.
The German ifo Business Climate data (Actual: 96.5, Forecast: 96.8, Previous: 97.7) released yesterday indicated a slight decline in the level of optimism from the surveyed businesses on the business condition for the next 6 months.
The European Central Bank (ECB) will be releasing the minutes for the recent monetary policy meeting later at 2030 (GMT+8).
ECB President Lagarde will be speaking later at 2130 (GMT+8). During this time, there may be volatility in EUR.
EUR/JPY’s next support zone is at 128.500 and the next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY.
The German ifo Business Climate data (Actual: 96.5, Forecast: 96.8, Previous: 97.7) released yesterday indicated a slight decline in the level of optimism from the surveyed businesses on the business condition for the next 6 months.
The European Central Bank (ECB) will be releasing the minutes for the recent monetary policy meeting later at 2030 (GMT+8).
ECB President Lagarde will be speaking later at 2130 (GMT+8). During this time, there may be volatility in EUR.
EUR/JPY’s next support zone is at 128.500 and the next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY.
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