EXNESS - Analytics

EXNESS

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The EURJPY pair is testing 127.01 support

Sell on a level breakthrough of 127.01 with 126.09 target. Stop loss = 127.69.

Reason for the trading strategy

The World Bank predicts that the euro zone GDP will accelerate its growth from 1.5% to 1.7% in 2016. Today, it is worth paying attention to the publication of data on retail sales and unemployment in the euro zone. If the statistics is better than expected, the EUR/JPY pair will be able to adjust upwards. Meanwhile, increasing the yen exerts pressure on it.

 

 

EURJPY, Daily



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