ByJin Dao Tai
AUG 18, 2021
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke the support zone of 128.500.
The eurozone flash employment change q/q data released yesterday indicated a rebound in employment during the second quarter. The GDP q/q data released indicated continued growth in the economy at the same pace during the second quarter.
- Flash Employment Change q/q (Actual: 0.5%, Forecast: 0.2%, Previous: -0.2% revised from -0.3%)
- Flash GDP q/q (Actual: 2.0%, Forecast: 2.0%, Previous: 2.0%)
EUR/JPY’s next support zone is at 127.150 and the next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY.
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