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EURO REFERENCE RATE / JAPANESE YEN

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EURJPY ANALYSIS ON H4 CHART.Overall, EUR/JPY is ranging across. The French flash PMI data will be released later at 1615 (SGT). French Flash Manufacturing PMI (Forecast: TBA, Previous: 55.6 revised from 54.9) French Flash Service PMI (Forecast: TBA, Previous: 57.0 revised from 57.1) The German Flash PMI data will be released later at 1630 (SGT). German Flash Manufacturing PMI (Forecast: TBA, Previous: 57.4 revised from 57.9) German Flash Services PMI (Forecast: TBA, Previous: 48.7 revised from 48.4) The eurozone flash PMI data will be released later at 1700 (SGT). Flash Manufacturing PMI (Forecast: TBA, Previous: 58.0) Flash Services PMI (Forecast: TBA, Previous: 53.1 revised from 53.3) Currently, EUR/JPY is bouncing off the support zone of 128.800 and the next resistance zone is at 130.000. Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 128.800.
Short
by charliedavies770
💡Don't miss the great sell opportunity in EURJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (129.59). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 35. Take Profits: TP1= @ 128.52 TP2= @ 128. 01 TP3= @ 127.51 TP4= @ 127.18 TP5= @ 126.44 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4
EURJPY ANALYSIS ON H4 CHART.Overall, EUR/JPY is trending upwards. Recently, EUR/JPY broke the support zone of 130.000. The eurozone CPI y/y data will be released later at 1800 (GMT+8). Final CPI y/y (Forecast: 5.0%, Previous: 5.0%) Final Core CPI y/y (Forecast: 2.6%, Previous: 2.6%) The European Central Bank will be releasing the minutes for the most recent monetary policy meeting later at 2030 (GMT+8). Currently, EUR/JPY is trading towards the resistance zone of 130.000 and the support zone is at 128.800. Look for short-term selling opportunities of EUR/JPY.
Short
by charliedavies770