Euro / Japanese Yen
Short

EUR/JPY Outlook (28 January 2022)

207
Overall, EUR/JPY is trending downwards.

The Japanese Retail Sales y/y data (Forecast: TBA, Previous: 1.9%) will be released next Monday at 0750 (GMT+8).

Currently, EUR/JPY is testing 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.

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