ByJin Dao Tai
AUG 25, 2021
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced off the support zone of 128.500.
The German ifo Business Climate data (Forecast: 100.2, Previous: 100.8) will be released later at 1600 (GMT+8).
Currently, EUR/JPY is testing to break above the key level of 129. Its next support zone is at 128.500 and the next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 129.
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