Speculation Weakening German Economy, Yen Press Euro

In the pair trading EUR / JPY European session this afternoon (05-02) moves observed weakening euro against the Japanese yen and was in the range of 122.71. Forex investor interest against the euro began to decline in line with the speculations of German economic performance decline.
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Information about Germany indicators Industrial Production m / m will be released by Destatis expected to show a decrease in performance in the manufacturing sector. Indicators Germany Industrial Production m / m is expected to decrease to 0.60% from the previous value of 0.70%. This negative response by investors in forex trading.
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EUR/JPY Will Reverse

Today I try buy EUR/JPY, I think will reverse, good moment for buy.

  • BUY EUR/JPY @ 123.00 TP 124.00, good SL 100 pip from entry position, or 20 pips below the lowest level.

Be carefull if EUR/JPY break low again to open market at 122.16, indication will down…

  • Status : Moved SL to 20 pips below the lowest level yesterday, closed only +10 market very risk.
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