EXNESS - Analytics

EXNESS

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USDJPY: consolidation higher than the level of 122.73

Sell on a level breakthrough of 122.73 with 122.00 target. Stop loss = 123.23.

Reason for the trading strategy

A moderate increase in the Asian stock indexes contributes to a weakening of the protective yen. Meanwhile, the local weakness of the US dollar could trigger a decline of the USD/JPY pair below the support level of 122.73.

USDJPY, H1

USDJPY



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