EUR/JPY Outlook (14 July 2021)

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EUR/JPY Outlook (14 July 2021)

ByJin Dao Tai

 JUL 14, 2021

EUR/JPY Outlook (14 July 2021)

Overall, EUR/JPY is ranging across. Recently, EUR/JPY bounced down from the key level of 131.

French banks will be closed today in observance of National Day. Expect slightly lower than usual trading volatility and volume during the European market hours.

Currently, EUR/JPY is moving towards the support zone of 130.000 and the next resistance zone is at 132.000.

Look for short-term buying opportunities of EUR/JPY if it bounces off the support zone of 130.000.

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