Overall, EUR/JPY is ranging across. Recently, EUR/JPY tested and failed to break above the key level of 126.
The euro area Retail Sales m/m data (Actual: -1.3%, Forecast: 1.3%, Previous: 5.7%) released yesterday indicated a decline in consumer spending in the month of July.
Currently, EUR/JPY is moving towards the key level of 126. Its next support zone is at 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY if it bounces down from the key level of 126.
The euro area Retail Sales m/m data (Actual: -1.3%, Forecast: 1.3%, Previous: 5.7%) released yesterday indicated a decline in consumer spending in the month of July.
Currently, EUR/JPY is moving towards the key level of 126. Its next support zone is at 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY if it bounces down from the key level of 126.