Sell on a level breakthrough of 134.16 with 133.14 target. Stop loss = 134.66.
Reason for the trading strategy
In August, retail sales in Germany fell by 0.4% (m/m) with a forecast of + 0.2% (m/m). Meanwhile, the July index value has been revised upwards from 1.4% (m/m) to 1.6% (m/m). In general, the statistics is moderately negative for the euro cross rates. Today, at the time of publication of the September consumer price index in the euro zone, the EUR/JPY pair could test the lower limit of the 134,16-135,3 range.
Reason for the trading strategy
In August, retail sales in Germany fell by 0.4% (m/m) with a forecast of + 0.2% (m/m). Meanwhile, the July index value has been revised upwards from 1.4% (m/m) to 1.6% (m/m). In general, the statistics is moderately negative for the euro cross rates. Today, at the time of publication of the September consumer price index in the euro zone, the EUR/JPY pair could test the lower limit of the 134,16-135,3 range.
EURJPY: Consolidation in the 134.16-135.3 range
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