EXNESS - Analytics

EXNESS

628.25 3.75/10
71% of positive reviews
Real

USDJPY: consolidation below the 123.76 resistance level

Buy on a level breakthrough of 123.76 with 124.60 target. Stop loss = 123.26.

Reason for the trading strategy

In April, the volume of industrial production in Japan increased by 1.2% (m/m), with a forecast of 1.0% (m/m). The data is positive for the yen. Meanwhile, demand for the world's reserve currency remains elevated after the publication of the US retail sales data for May.

USDJPY, H4

USDJPY



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree