Overall, EUR/JPY is trending downwards.

ECB President Lagarde will be speaking later at 1600 (GMT+8). During this time, there may be volatility in EUR.

Currently, EUR/JPY is moving towards the support zone of 128.500 and the next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY only if it breaks the support zone of 128.500.


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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