EXNESS - Analytics

    EXNESS

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    USDJPY: growth after publication of China's GDP for 2015

    Buy on a level breakthrough of 117.90 with 118.80 target. Stop loss = 117.40.

    Reason for the trading strategy

    China's GDP increased by 6.8% (y/y) in Q4 2015, and according to the year's totals it increased by 6.9% (y/y). The Asian stock indexes reacted to this with a growth, while demand for the yen declined.

    USDJPY, H4

    USDJPY


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