EXNESS - Analytics


    631.50 4.00/10
    69% of positive reviews

    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


    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree