EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation below the level of 124.11

    Buy on a level breakthrough of 124.11 with 124.58 target. Stop loss = 123.64.

    Reason for the trading strategy

    In July, the business activity index in Japan's manufacturing sector rose from 50.1 p to. 51.2 p. but was worse than the forecast of 51.4 p. The statistics is moderately negative for the yen. At the level breakthrough of 124.11, opening long positions in the USD/JPY pair is worth considering.

    USDJPY, H1

    USDJPY

     


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