EXNESS - Analytics

    EXNESS

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    USDJPY: under pressure against the background of a strengthening yen

    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.

    USDJPY, H4

    USDJPY


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