EURJPY Chart Technical Outlook

EURJPY Chart Technical Outlook trades sideways, with bulls ready to capture 158.50
EUR/JPY broad bias is bullish, but the pair consolidates after two dovish central banks meetings, ECB and BOJ.
The recent risk-off sentiment limits the bullish momentum.
Today’s PMI data was bad for France and good for Germany. Waiting for the Euro Area print.
I expect sideways price action until risk sentiment stabilizes and prices go higher.
It has room to 158.50 and then 159.30
Supports are at 157.30 and 156.60

We will be happy to hear your thoughts

      Leave a reply

      error: Content is protected !!
      Compare items
      • Total (0)