EURJPY: growth against the background of a weakening yen

Buy on a level breakthrough of 136.37 with 136.93 target. Stop loss = 135.87.

Reason for the trading strategy

The September statistics on Japan's foreign trade put pressure on the yen. As a result, the EUR/JPY pair tested the 136.37 level. In the short term, it may rise to the level of 136.93.

EURJPY: growth against the background of a weakening yen

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EURJPY: growth against the background of a weakening yen

EURJPY
Sept. 9, 2015, 11:24
Buy on a level breakthrough of 135.01 with 135.63 target. Stop loss = 134.50.

Reason for the trading strategy

Today's rally in the Asian stock markets and the weakening yen are supporting the EUR/JPY pair. The growing trend that has emerged in this pair since the beginning of this week is of an unstable nature. Meanwhile, the breakthrough of the 135.01 level may push the pair to the mark of 135.63.

EURJPY: growth against the background of a weakening yen

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