Euro / Japanese Yen
Long

EUR/JPY Outlook (17 March 2022)

245
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the resistance zone of 130.000.

The European Central Bank President Lagarde will be speaking later at 1730 (GMT+8). During this time, there may be volatility in EUR.

Currently, EUR/JPY is testing to break above the key level of 131. Its next support zone is at 130.000 and the next resistance zone is at 131.500.
Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 131.

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.