Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced off the support zone of 127.500.
The European Central Bank (ECB) held its monetary policy unchanged during its meeting yesterday. The central bank sent out a hawkish tone when it announced that it will speed up its QE tapering if the eurozone economic data warrants it to do so, potentially ending bond-buying during the third quarter of 2022.
EUR/JPY’s next support zone is at 127.500 and the next resistance zone is at 128.500.
Look for short-term buying opportunities of EUR/JPY.
The European Central Bank (ECB) held its monetary policy unchanged during its meeting yesterday. The central bank sent out a hawkish tone when it announced that it will speed up its QE tapering if the eurozone economic data warrants it to do so, potentially ending bond-buying during the third quarter of 2022.
EUR/JPY’s next support zone is at 127.500 and the next resistance zone is at 128.500.
Look for short-term buying opportunities of EUR/JPY.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.