EXNESS - Analytics

EXNESS

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There are risks of the EUR/JPY pair retesting the level of 126.78

Sell on a level breakthrough of 127.62 with 126.78 target. Stop loss = 128.12.

Reason for the trading strategy

Expectations of a decline in the Sentix investor confidence index in the Eurozone in January puts pressure on the EUR/JPY pair. At the breakthrough of 127.62 level, opening short positions in the pair should be considered.


 

EURJPY, H4

EURJPY



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