EURJPY | Bearish Insight

29 thg 5, 2022

EURJPY - the Global economy New Orders PMI dropped abruptly, in the past this led to a decrease in price


Price Near Downside Support

• Economic Growth indicators for the Global economy <WOR> dropped abruptly. Historically, this led to a median decrease in EURJPY price of -16.44% over the following 6M
  
  
  
• World Manufacturing Markit New Orders PMI (below 51.4) AND (11d chg below -2.3)
  
  
  
• Eurozone Manufacturing Markit New Export Orders PMI (below 49.2) AND (11d chg below -5.6)