Sell on a level breakthrough of 124.80 with 124.01 target. Stop loss = 125.30.
Reason for the trading strategy
Expectations of a decline in the volume of industrial orders in Germany disturb the euro cross rates. Meanwhile, the Sentix investor confidence index in the euro zone, calculated for March, can demonstrate a growth from 6.0 p. to 8.8 p. The EURJPY pair entering beyond the of range 124.80-125.56 will serve as a signal for opening of the relevant positions.