EXNESS - Analytics

EXNESS

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EURJPY: consolidation in the range of 133.31-134.00

Buy on a level breakthrough of 134.00 with 134.57 target. Stop loss = 133.50.

Reason for the trading strategy

Today, the euro cross rates may be supported by the publication of the Eurozone GDP for Q3 2015. In the reporting period, the index is expected to grow by 0.3% (q/q). At a breakthrough of the 134.00 level, opening long positions in the EUR/JPY pair is worth considering.

EURJPY, H1

EURJPY



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