EXNESS - Analytics

EXNESS

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Real

In the short term, the EUR/JPY pair may be reduced to the level of 138.00

Buy on rebound from 138.00 level with 141.05 target. Stop loss = 137.50.

Reason for the trading strategy

In April, the current account surplus in the eurozone increased from 18.0 billion to 22.6 billion euros. The data reflect a growth in demand for products and services from the eurozone, providing little support to the euro cross rates. Uncertainty about the Greek debt restructuring causes market participants to sell the EUR/JPY pair.

EURJPY, H4

EURJPY



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