EXNESS - Analytics


    628.50 4.00/10
    69% of positive reviews

    USDJPY: under pressure against the background of a strengthening yen

    Sell on a level breakthrough of 117.64 with 116.09 target. Stop loss = 118.14.

    Reason for the trading strategy

    Yesterday, the World Bank lowered the forecast for global growth in 2016 from 3.3% to 2.9% due to the deterioration of prospects for emerging markets. In particular, it predicts a slowdown in China's GDP form 6.9% to 6.7%. The news are deterring investors from buying the risky assets and contribute to the growth of the yen.


    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