EURJPY Chart Technical Outlook needs market relief to resume higher, 149.00 is a critical support broad bias is bullish. But I expect an initial risk-off sentiment for today which will push JPY pairs lower. The US debt ceiling negotiations are still ongoing, and it seems that Biden and McCarthy’s meeting yesterday didn’t offer a final resolution to that matter.
Today’s calendar has the German and European PMI data for manufacturing and services.
The 4H RSI shows divergence, which can motivate bears to push lower.
Resistances: 150.00, 150.75
Supports: 149.50, 149.00
