Sell on a level breakthrough of 129.09 with 128.26 target. Stop loss = 129.59.
Reason for the trading strategy
In December, the industrial production in France fell by 1.6% (m/m), with a forecast of 0.2% (m/m) growth. The data are moderately negative for the euro cross rates. At a breakthrough of the 129.09 level, opening short positions for the EURJPY pair is worth considering.