EURJPY: consolidation below the 129.12 level

March 20, 2015

Buy on a level breakthrough of 129.12 with 130.70 target. Stop loss = 128.50.

Reason for the trading strategy
In February, the producer price index in Germany increased by 0.1% (m/m), with a forecast of 0.2% (m/m). The February rise in oil prices increased the inflationary pressures in the country. Today, January's statistics on the euro zone balance of payments may support the euro cross rates.


Publication source
EXNESS information  EXNESS reviews

January 18, 2017
Trump Inauguration Market Outlook
Friday, January 20, 2017 will mark the historic inauguration of what promises to be a highly unconventional US presidential administration...
January 17, 2017
Oil spikes higher on Saudi Oil minister comments
Oil has spiked higher on Al Falih comments in Davos (Saudi oil minister). He said during a panel discussion at WEF in Davos that there will be inflation in the cost of doing business in the oil industry, following the squeeze that accompanied the decline in crude prices...
January 16, 2017
GBP under pressure ahead of May speech
A speech from Theresa May is one of the key events for financial markets this week and certainly the most relevant for the British pound. Primie Minister is about to deliver a speech on UK’s stance and conditions ahead of the triggering article 50 and beginning the Brexit negotiations...

XTB Rating
Tickmill Rating
Orbex Rating
FXCM Rating
Fort Financial Services Rating Rating

OptionRally Rating
OptionBit Rating
TopOption Rating
24option Rating
EZTrader Rating
Binary Brokerz Rating