EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation higher than the 121.95 level

    Sell on a level breakthrough of 121.95 with 121.45 target. Stop loss = 122.45.

    Reason for the trading strategy

    After the last referendum in Greece, market participants prefer to get out of riskier assets, curtailing part of the yen carry trade operations. Today, the Nikkei 225 lost more than 2%, and the yen is testing the last week highs against the US dollar.

     

    USDJPY, H4

    USDJPY


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