EXNESS - Analytics

    EXNESS

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    EURJPY: under pressure against the background of strengthening yen

    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.

     

    EURJPY, H4

     


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