Tickmill’s Investing Diva, EURJPY Daily Outlook 22-04-20
<p>EURJPY Daily Outlook – On Tuesday we found out that the U.S. home sales dropped by the most in nearly 4-1/2 years in March, the UK employment growth slowed in March, but the German ZEW survey showed that the mood among German investors improved in April as concerns about the impact of the coronavirus pandemic on Europe’s largest economy seemed to have eased.</p>
<p>On Wednesday we’ll be looking at the UK and Canada’s CPI numbers.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
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<p>Today I’m looking at the EUR/JPY which still has not been able to break below the key support level of 117 after days of consolidation… If the support holds strong, this could turn into a double bottom bullish reversal chart pattern bringing the pair back up to as high as 121…</p>
<p>However, if the bears finally win the battle, doors will open for further drops towards the lows Of 2016 at 111. We are still in wait and see mode eying a confirmation in either direction.<br />
Which direction do you think the pair will break out? Head over to the Comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-eurjpy-daily-outlook-22-04-20/">Tickmill’s Investing Diva, EURJPY Daily Outlook 22-04-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>