Daily Market Overview: EUR/JPY

Note: This section contains information in English only.
Source: Dukasocopy
© Dukascopy

Daily maximum: 104.35

Daily minimum: 103.72

It seems that the pair is forming an ascending triangle on a 1-hour chart and the market participants are waiting for further turn of events in the Euro Zone. The initial resistance is quite tough, as it is being formed by one of the pivot point levels (R1) and several highs of preceding days. Nevertheless, the pair is rather calm at the moment and overall sentiment is still neutral.

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