EXNESS - Analytics


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USDJPY: consolidation higher than the 116.69 level

Sell on a level breakthrough of 116.69 with 116.09 target. Stop loss = 117.19.

Reason for the trading strategy

The macroeconomic statistics for Japan and the United States has a much smaller impact on the USD/JPY pair than the Chinese economic statistics, which gradually worsens. This contributes to sales of the risky assets and the repatriation of capital to Japan.



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