EXNESS - Analytics

    EXNESS

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    EURJPY: growth against the background of an improving economic statistics in Germany

    Buy on a level breakthrough of 122.60 with 123.30 target. Stop loss = 122.10.

    Reason for the trading strategy

    In April, the volume of industrial production in Germany grew by 0.8% (m/m). The figure for March was revised upwards, from -1.3% (m/m) to -1.1% (m/m). An improvement in the health of the Eurozone's largest economy supports the demand for the euro cross rates. Today, it is worth paying attention to the publication of the Eurozone's GDP.

     

    EURJPY, H4

     


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