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2020-09-23 17:47

Market analysisEUR/JPY Outlook (23 September 2020)
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Market analysis:
Overall, EUR/JPY is trending downwards. The French flash PMI data will be released later at 1515 (SGT). -French Flash Service PMI (Forecast: 52.5, Previous: 51.5 revised from 51.9) -French Flash Manufacturing PMI (Forecast: 50.6, Previous: 49.8 revised from 49.0) The German Flash PMI data will be released later at 1530 (SGT). -German Flash Services PMI (Forecast: 53.0, Previous: 52.5 revised from 50.8) -German Flash Manufacturing PMI (Forecast: 52.0, Previous: 52.2 revised from 53.0) The eurozone flash PMI data will be released later at 1600 (SGT). -Flash Manufacturing PMI (Forecast: 51.5, Previous: 51.7) -Flash Services PMI (Forecast: 51.0, Previous: 50.5 revised from 50.1) EUR/JPY’s next support zone is at 121.700 and the next resistance zone is at 124.600. Look for selling opportunities of EUR/JPY.
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EUR/JPY Outlook (23 September 2020)
Singapore | 2020-09-23 17:47
Overall, EUR/JPY is trending downwards. The French flash PMI data will be released later at 1515 (SGT). -French Flash Service PMI (Forecast: 52.5, Previous: 51.5 revised from 51.9) -French Flash Manufacturing PMI (Forecast: 50.6, Previous: 49.8 revised from 49.0) The German Flash PMI data will be released later at 1530 (SGT). -German Flash Services PMI (Forecast: 53.0, Previous: 52.5 revised from 50.8) -German Flash Manufacturing PMI (Forecast: 52.0, Previous: 52.2 revised from 53.0) The eurozone flash PMI data will be released later at 1600 (SGT). -Flash Manufacturing PMI (Forecast: 51.5, Previous: 51.7) -Flash Services PMI (Forecast: 51.0, Previous: 50.5 revised from 50.1) EUR/JPY’s next support zone is at 121.700 and the next resistance zone is at 124.600. Look for selling opportunities of EUR/JPY.

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