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The United States jobless claims will be released

The United States jobless claims will be released

Information is not investment advice

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Ichimoku Kinko Hyo

EUR/JPY: The EUR/JPY pair is now testing the Tenkan Sen support level. If the pair break below this level, the next support is the Kijun Sen level. Further drop of EUR/JPY will continue its bearish sentiment.

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European Market View

The European Central Bank minutes will cover the relatively uneventful meeting in July 2020. Also, today the United States jobless claims will be released.

The Turkish Central Bank will release the official rate, which is expected to remain unchanged. Other measures might be imposed to tighten liquidity.

European Key Point

  • The United States jobless claims will be released.
  • The Turkish Central Bank will release the official rate.

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USD/JPY: target for selling

The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.

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