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The EUR/JPY pair is now testing the Tenkan sen level

The EUR/JPY pair is now testing the Tenkan sen level

Information is not investment advice

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Ichimoku Kinko Hyo

EUR/JPY: The EUR/JPY pair is now testing the Tenkan sen level. A failed attempt to move higher will push prices below the Kijun sen level. Further bearish sentiment would lead the exchange rate to tetest the previous low.

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US Market View

Concerns regarding Covid-19 keep European markets flat in today’s session. U.K. gross domestic product grew by 1%, stronger than expected. The pan-European index Stoxx 600 was gyrating the flatline, while DAX 30, at 0.50%, reached the level of 15900 intraday.

Stock futures set to a higher open this morning after another record setting session. Investors considered the likelihood of more government spending on infrastructure. In addition, the Labor Department released the jobless claims for the previous week. Another 375000 individuals filed new unemployment claims last week.

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