EXNESS - Analytics


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    EURJPY: consolidation above the level of 123.40

    Sell on a level breakthrough of 123.40 with 122.45 target. Stop loss = 123.90. 

    Reason for the trading strategy

    Extremely high volatility of the EURJPY pair due to expectations of a forthcoming change in the parameters of the Eurozone monetary policy and the possibility of the Bank of Japan to intervening to weaken the yen.   From the technical point of view, a breakthrough of the support level of 123.4 may provoke the pair to decrease to the February low.

    EURJPY, H4

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