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EURJPY: consolidation before publication of the consumer price index in Germany

Sell on rebound from 137.61 level with 135.61 target. Stop loss = 138.20.

Reason for the trading strategy

The EUR/JPY pair is trying to close the morning gap, which was triggered by the introduction of capital control in Greece. Today, the publication of the consumer price index in Germany may provide support for the euro cross rates. Inflation in Europe largest economy is expected to have grown by 0.1% (m/m) in June.

 

EURJPY, Daily

EURJPY



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