EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation in the range of 126.77-127.40

    Buy on a level breakthrough of 127.40 with 128.00 target. Stop loss = 126.80. 

    Reason for the trading strategy

    Sharp strengthening of the euro and the yen against the US dollar allows the EURJPY pair to maintain a dynamic balance in the range of 126.77-127.40. Meanwhile, a 6.2% (m/m) decline in the volume of industrial production in Japan in February indicates problems in the real sector of the world's third largest economy, creating preconditions for the yen weakening.  

      

    EURJPY, H1

     


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