EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    In the short term, the USDJPY could test the resistance level of 118.06

    Sell on a level breakthrough of 119.23 with 118.06 target. Stop loss = 119.73.

    Reason for the trading strategy

    The aggravation of geopolitical tensions in the Middle East have led to a sharp decline in demand for risky assets and strengthened the protective yen. Today, the Japanese Nikkei 225 index lost around 3%, while the Chinese CSI300 lost almost 7%.

     

    USDJPY, Daily

     


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree