EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation in the range of 117.30-119.10

    Sell on a level breakthrough of 117.30 with 115.50 target. Stop loss = 117.80.

    Reason for the trading strategy

    The business activity index in the Eurozone's manufacturing sector in July increased from 51.5 p. to 52.6 p., but in the services sector it declined from 53.3 p. to 52.4 p. The mixed statistics puts pressure on the euro cross rates. Opening short positions for the EURJPY pair is worth considering at a breakthrough of the 117.3 level. 

     

    EURJPY, H1

     


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