EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    The EURJPY pair may retest the minimum of the week

    Buy on rebound from 130.11 level with 132.23 target. Stop loss = 129.50.

    Reason for the trading strategy

    In December, the volume of industrial orders in Germany fell by 0.7% (m/m), with a forecast of 0.3% (m/m). The negative statistics can provoke a decrease in the EURJPY pair to the level of 130.11, the minimum of the week. Meanwhile, the negative interest rate on deposits in Japan will limit the strengthening of the yen against the euro.

    EURJPY, H1


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree