Overall, EUR/JPY is ranging across.

The series of eurozone flash PMI data releases yesterday indicated that business activities continue to expand. Also, the services sector in Germany has rebounded from contraction into expansion.

  • French Flash Manufacturing PMI (Actual: 53.1, Forecast: TBA, Previous: 55.6 revised from 54.9)
  • French Flash Service PMI (Actual: 55.5, Forecast: TBA, Previous: 57.0 revised from 57.1)
  • German Flash Manufacturing PMI (Actual: 60.5, Forecast: TBA, Previous: 57.4 revised from 57.9)
  • German Flash Services PMI (Actual: 52.2, Forecast: TBA, Previous: 48.7 revised from 48.4)
  • Flash Manufacturing PMI (Actual: 59.0, Forecast: TBA, Previous: 58.0)
  • Flash Services PMI (Actual: 51.2, Previous: 53.1 revised from 53.3)

Currently, EUR/JPY is testing the support zone of 128.800 and the next resistance zone is at 130.000.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 128.800.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!


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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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