EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    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


    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