EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation higher than the 133.55 level

    Sell on a level breakthrough of 133.55 with 132.70 target. Stop loss = 134.05.

    Reason for the trading strategy

    The expectations of a decline in the producer price index in the euro zone in August put pressure on the euro cross rates. At a breakthrough of the 133.55 level, opening short positions for the EUR/JPY pair is worth considering.

    EURJPY,H1

    EURJPY


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