The EUR/JPY pair might fall in the medium term. According to the daily chart, the RSI oscillator is near the overbought level (72). The MACD indicator continues for the moment the positive trend but soon will become negative. The Fibonacci level has already reached 76% on the daily chart. Moreover, on the weekly chart, the Stochastic oscillator remains near the top level, and the RSI oscillator stays at 65, near the overbought level.
The most important data of this week:
Japan GDP YoY (-27.2% expectation); (-2.2% previous)
QoQ (-7.6% expectation); (-0.6% previous)
Eurozone inflation YoY (1.2% expectation); (0.8% previous)
MoM (-0.5% expectation); (0.3% previous)
Japan inflation YoY (0.1% expectation); (0.00% previous)
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