Daily Market Analysis 23|06|2020: EURJPYJune 23, 2020 2020-06-23 10:42
Daily Market Analysis 23|06|2020: EURJPY
Buy position is envisaged if price trades above 121.257 with take profit at key level 121.889.
Sell if price trades below 120.755 with take profit at 120.574.
German Flash Manufacturing PMI 8:30am (EUR)
German Flash Service PMI 8:30am (EUR)
French Flash Manufacturing PMI 8:15 am(EUR)
Comment: The euro saw a string of positive news this morning as service and manufacturing PMI data came out positive, meaning Europe’s top economy grew in size, this a major boost to investors as this could be a sign that Europe is managing this pandemic more than other top world economy, making investment in the Euro a safer choice than the buck or even the yen.
Analysis: SCRUM Team