EXNESS - Analytics

    EXNESS

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    EURJPY: growth despite the decline in the balance of payments in the Eurozone

    Buy on a level breakthrough of 135.98 with 136.93 target. Stop loss = 135.48.

    Reason for the trading strategy

    In August, the balance of payments in the Eurozone fell from 25.6 billion to 17.7 billion euros. However, the value of the index for July was revised upwards from 22.6 billion to 25.6 billion euros. Although the statistics is moderately negative, the EUR/JPY pair continued to rise against the background of a weakening yen.

    EURJPY, H1

    EURJPY


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