EXNESS - Analytics

    EXNESS

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    EURJPY: under pressure before publication of the Consumer Price Index in the Eurozon

    Sell on a level breakthrough of 123.45 with 122.45 target. Stop loss = 124.00. 

    Reason for the trading strategy

    The final estimate of the consumer price index in the Eurozone will be known today. In January, the index is likely to amount to 0.4% (y/y). The ECB, targeted the annual inflation at the rate of 2% in March, may expand the monetary stimulus measures. 

    EURJPY, H1


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