Sell on a level breakthrough of 135.50 with 134.90 target. Stop loss = 136.00.
Reason for the trading strategy
In July, the preliminary business activity index in the eurozone's manufacturing and service sectors declined from 52.5 p. to 52.2 p. and from 54.4 p. to 53.8 p. respectively. The news is negative for the euro cross rates. In the short term, the EUR/JPY pair may test the level of 134.90.