Sell on a level breakthrough of 134.66 with 133.36 target. Stop loss = 135.16.
Reason for the trading strategy
The EUR/JPY has tried out the "double top" figure against the background of a declining demand for risk in Asia, which was provoked by the negative macroeconomic statistics in China. From a technical point of view, opening new short positions in the pair should be considered at a level breakthrough of 134.66.
For more analytics on different currency pairs please follow this link http://ift.tt/1IFlkC8
Reason for the trading strategy
The EUR/JPY has tried out the "double top" figure against the background of a declining demand for risk in Asia, which was provoked by the negative macroeconomic statistics in China. From a technical point of view, opening new short positions in the pair should be considered at a level breakthrough of 134.66.
For more analytics on different currency pairs please follow this link http://ift.tt/1IFlkC8
EURJPY: consolidation higher than the level of 134.66
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