Buy on a level breakthrough of 124.93 with 125.80 target. Stop loss = 124.40.
Reason for the trading strategy
In April, the business activity index in the Eurozone's manufacturing sector fell from 51.6 p. to 51.4 p., and rose from 53.1 p. to 53.2 p. in the services sector. The statistics is neutral for the euro cross rates. The current growth in the EURJPY pair occurs against the background of a weakening yen.
Reason for the trading strategy
In April, the business activity index in the Eurozone's manufacturing sector fell from 51.6 p. to 51.4 p., and rose from 53.1 p. to 53.2 p. in the services sector. The statistics is neutral for the euro cross rates. The current growth in the EURJPY pair occurs against the background of a weakening yen.
Exness - The EURJPY pair is approaching the level of 125
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