Sat, Dec 04, 2021 @ 17:31 GMT
HomeContributorsTechnical AnalysisEUR/JPY Consolidated Below 131.21

EUR/JPY Consolidated Below 131.21

The common European currency consolidated below the 131.21 level against the Japanese Yen on Tuesday. The currency pair traded between the 130.50/131.21 area during Tuesday’s trading session.

Technical indicators suggest buying signals on the daily time-frame chart. Most likely, the EUR/JPY exchange rate could edge higher within this session.

However, the resistance level at 131.21 might still provide resistance for the currency exchange rate during the following trading session.

Dukascopy Swiss FX Group
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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