EXNESS - Analytics

    EXNESS

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    The EURJPY pair is approaching the 137.8 level

    Buy on a level breakthrough of 137.80 with 140.51 target. Stop loss = 137.00.

    Reason for the trading strategy

    Against the background of the yen weakening against the US dollar, growth of the euro against the US is pushing the EUR/JPY pair to the 137.8 level. From a technical point of view, this level's breakthrough will signal the opening of long positions.

     

    EURJPY, Daily

    EURJPY


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