EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation in the range of 129.09-130.11

    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.       

    EURJPY, H1


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