Sell on a level breakthrough of 133.36 with 132.22 target. Stop loss = 133.86.
Reason for the trading strategy
The euro cross rates remain under pressure against the background of expectations of a possible expansion of the asset purchases program in the Eurozone in December. The Eurozone bonds yields are falling rapidly. In the short term, the EUR/JPY pair is likely to test the level of 132.22.
Reason for the trading strategy
The euro cross rates remain under pressure against the background of expectations of a possible expansion of the asset purchases program in the Eurozone in December. The Eurozone bonds yields are falling rapidly. In the short term, the EUR/JPY pair is likely to test the level of 132.22.
The EURJPY pair is testing the support level of 133.36
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