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EURJPY: consolidation before the publication of the Eurozone's GDP for Q3 2015

Buy on a level breakthrough of 132.50 with 133.16 target. Stop loss = 132.00.

Reason for the trading strategy

The Eurozone's GDP for Q3 2015 will be published today at 10.00 GMT. The 0.4% (m/m) growth in this index, expected in the reporting period, may support the euro cross rates. We would remind you that Japan's GDP showed a 0.3% (q/q) decrease in Q2 2015, and the Eurozone's GDP showed a 0.4% (q/q) increase.



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