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Macro

EUR/JPY Outlook (15 February 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY bounced off the support zone of 130.000. The eurozone ZEW Economic Sentiment data (Forecast: 54.4, Previous: 49.4) will be released later at 1800 (GMT+8). Also, the eurozone flash employment change q/q and flash GDP q/q data will be released later at the same timing. Flash employment change q/q (Forecast: 1.0%, Previous: 0.9%) Flash GDP q/q (Forecast: 0.3%, Previous: 0.3%) EUR/JPY’s next support zone is at 130.000 and the next resistance zone is at 131.500. Look for short-term selling opportunities of EUR/JPY.
Short
by JinDao_Tai
EUR/USD Outlook (15 February 2022)Overall, EUR/USD is ranging across. The eurozone ZEW Economic Sentiment data (Forecast: 54.4, Previous: 49.4) will be released later at 1800 (GMT+8). Also, the eurozone flash employment change q/q and flash GDP q/q data will be released later at the same timing. Flash employment change q/q (Forecast: 1.0%, Previous: 0.9%) Flash GDP q/q (Forecast: 0.3%, Previous: 0.3%) Currently, EUR/USD is testing to break below the key level of 1.13. Its next support zone is at 1.12000 and its next resistance zone is at 1.13800. Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.13.
Short
by JinDao_Tai
GBP/JPY Outlook (14 February 2022)Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke below the key level of 147 after the escalation of the Russia-Ukraine geopolitical tension, leading to the strengthening of JPY. The Preliminary GDP q/q data (Actual: 1.0%, Forecast: 1.1%, Previous: 1.1% revised from 1.3%) released last Friday indicated a slight slowdown in economic growth during the fourth quarter of 2021. Currently, GBP/JPY is bouncing off the support zone of 156.000 and the next resistance zone is at 158.000. Look for short-term selling opportunities of GBP/JPY only if it trades below the support zone of 156.000.
Short
by JinDao_Tai
GBP/USD Outlook (14 February 2022)Overall, GBP/USD is ranging across. Recently, GBP/USD rejected the resistance zone of 1.36000. The Preliminary GDP q/q data (Actual: 1.0%, Forecast: 1.1%, Previous: 1.1% revised from 1.3%) released last Friday indicated a slight slowdown in economic growth during the fourth quarter of 2021. Currently, GBP/USD is trading towards the resistance zone of 1.36000 the next support zone is at 1.33800. Look for short-term selling opportunities of GBP/USD if it bounces off the resistance zone of 1.36000.
Short
by JinDao_Tai
EUR/JPY Outlook (14 February 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the support zone of 131.500 after the escalation of the Russia-Ukraine geopolitical tension, leading to the strengthening of JPY. European Central Bank President Lagarde will be speaking tomorrow at 0015 (GMT+8). During this time, expect volatility in EUR. Currently, EUR/JPY is testing the resistance zone of 131.500 and the next support zone is at 130.000. Look for short-term selling opportunities of EUR/JPY if it rejects the resistance zone of 131.500.
Short
by JinDao_Tai