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.