EXNESS - Analytics

    EXNESS

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    EURJPY: growth against the background of weakening yen

    Buy on a level breakthrough of 126.87 with 127.27 target. Stop loss = 126.47.

    Reason for the trading strategy

    Tomorrow, the Japanese currency will respond to the statistics on the labor market and retail sales in Japan. If it turns out worse than expected, it will put pressure on the profitability of the Japanese bonds and push the EURJPY pair above the level of 127.27.
     

    EURJPY, H1

     


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