Tickmill’s Investing Diva, EURJPY Daily Outlook 24-04-20
<p>EURJPY Daily Outlook – US weekly jobless claims hit 4.4 million, bringing the 5-week total to more than 26 million and the U.S. House said they’ll pass nearly $500 billion more in coronavirus relief.</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>
<p>The COVID-19 lockdown has led to record contraction in the German economy as well, UK manufacturers reported the quickest falls in output volumes & total new orders since 2009, the Bank of Japan will discuss unlimited buying of government bonds at its next policy-setting meeting.</p>
<p>On Friday we’ll look at the EU Commission Economic Forecasts and the US durable goods orders for March.</p>
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<p>Today I’m looking at the EUR/JPY pair which finally did the unthinkable… it broke below the key support level of 117 for the first time in three years. Last week we were wondering if the pair would reverse and form a double bottom bullish reversal instead… but now we have a confirmation of a bearish indication which may have opened doors towards further drops towards 4-year lows of 111.</p>
<p>Do you think this was a false break? 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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