Eurozone February industrial production -1.0% vs -1.3% m/m expected

Latest data released by Eurostat – 14 April 2021Prior +0.8%Industrial production WDA -1.6% vs -1.4% y/y expectedPrior +0.1%Further Development

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Analyzing the current trading chart of USD/JPY, I found that sellers are in control and that you should watch for selling opportunities…

Downside target is set at the price of 108.45

Additionally, there is the breakout of the balancing regime, which is another sign of the weakness…

Key Levels:

Resistance: 109.05Support level: 108.45

The material has been provided by InstaForex Company – www.instaforex.com

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