EXNESS - Analytics

EXNESS

628.25 3.75/10
71% of positive reviews
Real

USDJPY: consolidation in the range of 122.70-123.34

Buy on a level breakthrough of 122.93 with 123.75 target. Stop loss = 122.43.

Reason for the trading strategy

Today the Ministry of Finance of Japan published some good data on the financial status of national companies. In particular, investment in Japan grew by 11.2% (y/y) in Q3 2015, while companies' profit grew by 9% (y/y). The Japanese Ministry of Finance notes that the company survey results reflect a moderate recovery of the economy.

USDJPY, H1

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