EUR/JPY Forecast: Daily Technical Analysis for December 13, 2016
EUR JPY Technical Overview
Prev. Close 122.36
Day’s Range 122.09 – 122.49
52 wk Range 109.47 – 133.92
1-Year Return – 7.84%
Support and Resistance Forecast
Yesterday EUR rose 0.46% against JPY. JPY is weaker against most of the major currencies. Today possible trading range is 122.09 – 122.49. As there is no upcoming economic events in JPY, JPY market will remain weak too.
EUR/JPY Forecast: The pair possibly will find the immediate support at 121.57. If, market breaks the first support then it will go for the following support to test. Following supports are 121.19 and 120.57.
On the other side the market has immediate resistance 122.81. If, market breaks the primary resistance level then, market will go for the new resistance level 123.19 and 123.81.
Following Economic Events will be released today:
- 9:00am EUR German Trade Balance
- 9:45am EUR French Gov Budget Balance
- 9:45am EUR French Industrial Production m/m