EUR/JPY Outlook (21 December 2021)

Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke above the key level of 128.

The eurozone Consumer Confidence data (Forecast: -8, Previous: -7) will be released later at 2300 (GMT+8).

EUR/JPY’s next support zone is at 127.200 and its next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY only when it trades below the key level of 128.
EURJPYForexmacrotechnicaltrendTrend Analysis

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