Sell on a level breakthrough of 119.02 with 118.00 target. Stop loss = 119.52.
Reason for the trading strategy
The BSI in Japan's major industrial companies in Q2. 2016 decreased form -7.9 p. to 11.1. The statistics puts pressure on the Japanese manufacturers' shares, as evidenced by a 3.19% decrease in the Nikkei225. In turn, curtailing of the yen carry trade transactions puts pressure on the EURJPY pair.