Sell on a level breakthrough of 132.25 with 131.50 target. Stop loss = 132.75.
Reason for the trading strategy
In September, the Sentix investor confidence index in the Eurozone fell from 18.4 p. to 13.6 p. The news is negative for the euro cross rates. Opening of regular short positions in the pair EUR/JPY pair is worth considering below the level of 132.25.