EXNESS - Analytics

EXNESS

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The EURJPY pair could gain a foothold above the level of 114.73 in July

Buy on a level breakthrough of 114.73 with 115.50 target. Stop loss = 114.23.

Reason for the trading strategy

The EURJPY pair continues to consolidate below the resistance level of 114.73 against the backdrop of uncertainty associated with the future actions of the ECB and the Bank of Japan. In July, market participants are firstly waiting for the expansion of the quantitative easing program in Japan.

 

EURJPY, H4

 



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