EXNESS - Analytics

    EXNESS

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    The USDJPY pair has updated its 2016 low

    Sell on a level breakthrough of 116.13 with 115.00 target. Stop loss = 116.63.

    Reason for the trading strategy

    Today's decline in the Nikkei 225 by 3.71% triggered the investors to exit in favor of the protective yen. The slowdown in China's economy, which is Japan's largest trading partner, will lead to a reduction in the growth rate of the Japanese economy.

    USDJPY, H4


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