EUR/JPY Outlook (06 May 2021)

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EUR/JPY Outlook (06 May 2021)

ByJin Dao Tai

 MAY 6, 2021

EUR/JPY Outlook (06 May 2021)

Overall, EUR/JPY is trending upwards. Recently, EUR/JPY bounced up from the support zone of 130.800.

The eurozone Retail Sales m/m data (Forecast: 1.5%Previous: 3.0%) will be released later at 1700 (SGT).

EUR/JPY’s next support zone is at 130.800 and the next resistance zone is at 132.800.

Look for short-term buying opportunities of EUR/JPY.

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