Sell on a level breakthrough of 116.69 with 116.09 target. Stop loss = 117.19.
Reason for the trading strategy
After a concluded adjustment, investors are buying the protective yen again. It is also supported by the internal macroeconomic statistics. In December, Japan's consumer confidence index rose from 42.6 p. to 42.7 p., and was higher than the forecast of 42.3 p.