EXNESS - Analytics

EXNESS

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USDJPY: consolidation above the level of 102.35

Buy on rebound from 102.35 level with 103.38 target. Stop loss = 101.85.

Reason for the trading strategy

Parliamentary elections will be held in Japan this weekend.  A likely victory of the current Prime Minister Abe's liberal-democratic party will increase the likelihood of an expansion of the quantitative easing program in the country.

 

USDJPY, H1

 



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