The US-China negotiation driven risk sentiment favors safe-havens like the JPY.
EUR/JPY technical analysis
With the risk aversion ruling over market sentiment off-late, the EUR/JPY pair took a U-turn from immediate resistance-line as it trades near 123.20 ahead of the Europe markets open on Friday.
Short positions below 123.60 with targets at 122.50 & 122.00 in extension
EUR/USD finds traction above 1.1200, attention remains on trade
EUR/USD focused on US-China trade, US data
The bid tone around the European currency remains well and sound in the second half of the week and it has propelled EUR/USD above the critical 1.1200 the figure on an apparent more convincing fashion.
Long positions above 1.1180 with targets at 1.1262 & 1.1320 in extension
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