Daily Trading Signals by Exness - EUR/JPY

[Exness Support]

USDJPY: consolidation below the level of 124.11

USDJPY
Aug. 3, 2015, 09:02
Buy on a level breakthrough of 124.11 with 124.58 target. Stop loss = 123.64.

Reason for the trading strategy

In July, the business activity index in Japan's manufacturing sector rose from 50.1 p to. 51.2 p. but was worse than the forecast of 51.4 p. The statistics is moderately negative for the yen. At the level breakthrough of 124.11, opening long positions in the USD/JPY pair is worth considering.

USDJPY, H1

 

[Exness Support]

EURJPY: Consolidation in the range of 138.13-138.98

EURJPY
Aug. 24, 2015, 09:20
Buy on a level breakthrough of 138.98 with 139.94 target. Stop loss = 138.48.

Reason for the trading strategy

The simultaneous growth of the euro and the yen does not allow the EUR/JPY pair get out of the range of 138,13-138,98. No significant macroeconomic statistics for the Eurozone is expected to be issued today. On a level breakthrough of 138.98, opening long positions in the pair is worth considering.



EURJPY, H1

 

[Exness Support]

EURJPY: consolidation in the range of 132.35-132.70

EURJPY
Nov. 6, 2015, 10:10
Sell on a level breakthrough of 132.35 with 131.85 target. Stop loss = 132.85.

Reason for the trading strategy

In September, the industrial production in Germany fell by 1.1% (m/m) with a forecast of 0.6% (m/m) growth. The data indicate a contraction in the real sector of the Eurozone's largest economy. At a breakthrough of the support level of 132.35 opening short positions for the EUR/JPY pair is worth considering.

EURJPY, H1