EXNESS - Analytics


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USDJPY: consolidation higher than the support level of 122.54

Sell on a level breakthrough of 122.54 with 122.00 target. Stop loss = 123.04.

Reason for the trading strategy

Last week, the soft rhetoric of J.Yellen, the Head of the US Federal Reserve, about the US monetary policy in the US led to the USD/JPY pair testing the level 122.54. This level breakthrough will signal the opening of another set of short positions on the euro.




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