Sell on a level breakthrough of 133.45 with 132.22 target. Stop loss = 134.00.
Reason for the trading strategy
The EUR/JPY pair is trying to remain above the level of 133.45 after yesterday's sales. It has supported the publication of the statistics on the business activity index in the Eurozone's manufacturing and service sectors for October, which according to preliminary estimates amounted to 52 p. and 54.2 p. respectively. Meanwhile, next week there is a high likelihood of the pair dropping to its September low of 132.22.
Reason for the trading strategy
The EUR/JPY pair is trying to remain above the level of 133.45 after yesterday's sales. It has supported the publication of the statistics on the business activity index in the Eurozone's manufacturing and service sectors for October, which according to preliminary estimates amounted to 52 p. and 54.2 p. respectively. Meanwhile, next week there is a high likelihood of the pair dropping to its September low of 132.22.
The EURJPY pair is rushing towards the September low