EXNESS - Analytics


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    USDJPY: under pressure against the background of another Chinese stock market collapse

    Sell on a level breakthrough of 123.30 with 122.80 target. Stop loss = 123.80.

    Reason for the trading strategy

    Today's 8.48% decline in the Shanghai Composite Index led to a curtailing of the carry trade operations in Asia and provided substantial support for the yen and the euro, which are used as funding currency.


    USDJPY, H4


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