EXNESS - Analytics

    EXNESS

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    EURJPY: growth before the publication of Germany's Ifo business climate index

    Buy on a level breakthrough of 136.41 with 137.80 target. Stop loss = 135.90.

    Reason for the trading strategy

    The expectations of an increase in Germany's Ifo business climate index from 107.4 p. to 107.6 p. in July are supporting the euro cross rates. At a breakthrough of the level of 136.41, opening long positions in the EUR/JPY pair is worth considering.
     

    EURJPY, H4

    EURJPY


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