EURJPY: consolidation below the 136.21 resistance level
EURJPY
Feb. 18, 2015, 08:46
Buy on a level breakthrough of 136.21 with 137.54 target. Stop loss = 135.70.
Reason for the trading strategy
The weakness of the yen paired with the dollar and the strong macro-economic statistics for the euro zone have provided support for the EUR/JPY pair. Today, Greece will apply for a bridge loan from the ECB once again. On a resistance level breakthrough of 136.21, opening long positions in the EUR/JPY pair is worth considering.
EURJPY, H4
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