Buy on a level breakthrough of 131.00 with 131.57 target. Stop loss = 130.50.
Reason for the trading strategy
Today, the preliminary purchasing managers indexes in the Eurozone's manufacturing and services sectors will be published. Expectations of a small increase in the figures in November keep the EUR/JPY pair above the support level of 130.64. From a technical point of view, with the level breakthrough of 131,00, opening long positions in the pair should be considered.
Reason for the trading strategy
Today, the preliminary purchasing managers indexes in the Eurozone's manufacturing and services sectors will be published. Expectations of a small increase in the figures in November keep the EUR/JPY pair above the support level of 130.64. From a technical point of view, with the level breakthrough of 131,00, opening long positions in the pair should be considered.
EURJPY: consolidation before the publication of the business activity indexes in the
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