The EUR/JPY daily outlook remains uncertain as the pair continues to trade within a tight range. The euro has been struggling to gain momentum against the Japanese yen, with no clear direction in sight.
Recent economic data from the Eurozone has been mixed, causing uncertainty among investors. The ongoing trade tensions between the US and China have also impacted market sentiment, leading to increased volatility in the forex market.
Technical indicators suggest that the EUR/JPY pair is likely to remain range-bound in the near term. Support is seen at the 119.50 level, while resistance lies at the 121.00 level.
Traders are advised to closely monitor any developments in the ongoing trade disputes, as they could potentially impact the direction of the EUR/JPY pair. In the meantime, it is recommended to exercise caution and wait for clearer signals before making any trading decisions.