Buy on a level breakthrough of 123.84 with 124.67 target. Stop loss = 123.34.
Reason for the trading strategy
In the coming weeks, we can expect an expansion of monetary easing measures in Japan that will put pressure on the yen. The ECB may take similar measures if the annual inflation rate in the Eurozone falls below 0.2% per annum (which is not observed as yet).
Reason for the trading strategy
In the coming weeks, we can expect an expansion of monetary easing measures in Japan that will put pressure on the yen. The ECB may take similar measures if the annual inflation rate in the Eurozone falls below 0.2% per annum (which is not observed as yet).
EURJPY: consolidation below the level of 123.84
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