Euro / Japanese Yen
Long

EUR/JPY Outlook (04 January 2022)

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Overall, EUR/JPY is trending upwards. Recently, EUR/JPY traded into the support zone of 130.000.

The eurozone final manufacturing PMI data (Actual: 58.0, Forecast: 58.0, Previous: 58.0) released yesterday indicated no change in the final release of the manufacturing PMI for December.

Currently, EUR/JPY is bouncing off the support zone of 130.000 and its next resistance zone is at 131.500.
Look for short-term buying opportunities of EUR/JPY.

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