Buy on a level breakthrough of 122.02 with 122.86 target. Stop loss = 121.50.
Reason for the trading strategy
The ban for Chinese shareholders who own more than 5% of companies' shares on selling them for 6 months, contributes to the growth of the world stock indices. Today, the Shanghai Composite Index gained more than 4.5%. Demand for the yen, which acts as protective asset, decreases.
USDJPY, H4
