EXNESS - Analytics

    EXNESS

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    USDJPY: adjustment after yesterday's sales

    Buy on a level breakthrough of 119.68 with 120.65 target. Stop loss = 119.18.

    Reason for the trading strategy

    After yesterday's collapse, today the Asian stock indexes are gradually moving into a positive range. At the moment, the CSI300 index is adding 0.28%, the Korean KOSPI is adding 0,61%, the Nikkei 225 is reduced, but only by 0.42%. The demand for the yen gradually weakens. In the short term, the USD/JPY pair may be adjusted to the 120.65 level.

     

    USDJPY, H1


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