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EUR/JPY Outlook (17 March 2022)

Long
FX:EURJPY   Euro / Yen Japonais
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the resistance zone of 130.000.

The European Central Bank President Lagarde will be speaking later at 1730 (GMT+8). During this time, there may be volatility in EUR.

Currently, EUR/JPY is testing to break above the key level of 131. Its next support zone is at 130.000 and the next resistance zone is at 131.500.
Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 131.

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