EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation before the publication of the business activity indexes in the Eurozone

    Buy on a level breakthrough of 131.00 with 131.57 target. Stop loss = 130.50.

    Reason for the trading strategy

    Today, the preliminary purchasing managers indexes in the Eurozone's manufacturing and services sectors will be published. Expectations of a small increase in the figures in November keep the EUR/JPY pair above the support level of 130.64. From a technical point of view, with the level breakthrough of 131,00, opening long positions in the pair should be considered.

    EURJPY, H1

    EURJPY


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