Sell on a level breakthrough of 118.33 with 117.50 target. Stop loss = 118.83.
Reason for the trading strategy
A likely reason for the trading strategy slowdown in the Chinese economy makes the market participants sell risky assets and buy the protective yen. Today it became known that the Caixin business activity index in China's service sector dropped from 51.2 p. to 50.2 in December. Against this background, the Nikkei 225 lost 0.99% and closed at 18,191.32 p.