EXNESS - Analytics

    EXNESS

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    Real

    The EURJPY pair is approaching the support of 133.50

    Sell on a level breakthrough of 133.50 with 131.90 target. Stop loss = 134.20.

    Reason for the trading strategy

    In the coming months, the European cross rates will be under pressure due to the ongoing quantitative easing program in the euro zone. Monthly 60 billion euro European bonds purchases by the ECB may soon put pressure on their yield again.

     

    EURJPY, H4

    EURJPY


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