EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    EURJPY: growth against the background of an increasing business activity index in the Eurozone's services sector

    Buy on a level breakthrough of 121.52 with 122.10 target. Stop loss = 121.02.

    Reason for the trading strategy

    The business activity index in the Eurozone's services sector rose from 53.1 to 53.3 p in May. The data signal the strengthening of the European economy, however, similar trends are observed in the Japanese economy.         In the short term, the EURJPY pair could gain a foothold above the 121.52 level.

     

    EURJPY, H1

     


    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