EXNESS - Analytics


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EURJPY: adjustment from the level of 122.07

Sell on a level breakthrough of 122.07 with 121.00 target. Stop loss = 122.57. 

Reason for the trading strategy

The decline in the euro has a negative impact on the EURJPY pair. Today, attention should be paid to the publication of the unemployment rate and the business activity index in the Eurozone manufacturing sector. After an adjusting growth, the pair could retest the level of 122.07. 



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