EURJPY reached the key intraday support from a technical point of view. The area at 117.00 handle is marked with the lower limit of Overbalance structure as well as 38.2% Fibonacci retracement of the whole upward impulse. In case buyers manage to halt decline there, another upward impulse could be launched. On the other hand, breaking below it may trigger a bigger downward move.
EURJPY H1 interval. Source: xStation5
BREAKING: Eurozone trade balance mixed 💶
Daily Summary – Wall Street Rally Driven by Powell’s Promises
Fed's Miran signals two more rate cuts this year and disinflationary process🗽
Fed Collins remarks on monetary policy and US economy🏛️EURUSD gains 0.2%