EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation after the publication of the volume of industrial orders in Germany

    Sell on a level breakthrough of 133.70 with 131.90 target. Stop loss = 134.50.

    Reason for the trading strategy

    The results of the referendum held in Greece and the poor economic data in Germany are putting pressure on the EUR/JPY cross-rate. In May, the volume of industrial orders in Germany fell by 0.2% (m/m) with a forecast of 0.0% (m/m). From a technical point of view, opening short positions in the pair should be considered below the resistance level breakthrough of 133.70.

     

    EURJPY, H4

    EURJPY


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