EXNESS - Analytics

EXNESS

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USDJPY: Consolidation in the range of 124.11-125.06

Buy on a level breakthrough of 124.48 with 125.06 target. Stop loss = 123.98.

Reason for the trading strategy

In June, Japan's current account surplus amounted to 558.6 trillion yen with a forecast of 773.6 trillion yen. The news is moderately negative for the yen. Its further weakening would increase the attractiveness of Japanese goods and services in international markets.


USDJPY, H1

USDJPY



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