Sell on a level breakthrough of 133.31 with 132.74 target. Stop loss = 133.81.
Reason for the trading strategy
In October, the volume of industrial production in Germany increased by 0.2% (m/m) being below the forecast of 0.8% (m/m). In annual terms, the growth rate totaled 0%, with a forecast of 0.7%. The negative statistics can put pressure on the euro cross-rates. The exit of the EUR/JPY pair beyond the range of 133.31-134.57 will signal the opening of its respective positions.