EXNESS - Analytics

    EXNESS

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    Real

    The EURJPY pair is ready to upgrade the yearly low

    Sell on a level breakthrough of 120.82 with 120.30 target. Stop loss = 121.32.

    Reason for the trading strategy

    The threats of the US economy slipping into recession and the UK's leaving the EU are both putting pressure on the risky assets and force investors to buy the defensive yen. Today, the Nikkei 225 loses about 1%. With the EURJPY pair breaking through the support level of 120.82, opening short positions in it is worth considering.

     

    EURJPY, H1

     


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