EURJPY
Oct. 6, 2015, 10:04
Buy on a level breakthrough of 135.16 with 135.71 target. Stop loss = 134.66.
Reason for the trading strategy
In August, the volume of industrial orders in Germany fell by 1.8% (m/m) with a forecast of +0.5% (m/m). The previous value was revised downwards from -1.4% (m/m) to -2.2% (m/m).Despite the negative statistics on the euro zone's largest economy, the EUR/JPY pair is rising, taking advantage of the weakness of the Japanese currency.
Oct. 6, 2015, 10:04
Buy on a level breakthrough of 135.16 with 135.71 target. Stop loss = 134.66.
Reason for the trading strategy
In August, the volume of industrial orders in Germany fell by 1.8% (m/m) with a forecast of +0.5% (m/m). The previous value was revised downwards from -1.4% (m/m) to -2.2% (m/m).Despite the negative statistics on the euro zone's largest economy, the EUR/JPY pair is rising, taking advantage of the weakness of the Japanese currency.
EURJPY: growth decline in industrial orders in Germany
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