EXNESS - Analytics


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    The USDJPY pair is approaching the support level of 123.56

    Sell on a level breakthrough of 123.56 with 122.93 target. Stop loss = 124.06.

    Reason for the trading strategy

    Growth of the euro to the level of $1.1 has put significant pressure on the US dollar against the yen. Today, the world's reserve currency may be supported by the weekly report on the US labor market. However, the probability of the USD/JPY pair breaking through the local support of 123.56 seems high.


    USDJPY, H1


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