EXNESS - Analytics


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    The USDJPY pair slides down to its 2016 low

    Sell on a level breakthrough of 117.05 with 115.96 target. Stop loss = 117.55.

    Reason for the trading strategy

    The sharp decline in the probability of the US key interest rate increasing in March is putting pressure on the world's reserve currency. At a breakthrough of the 117.05 level, opening short positions for the USDJPY pair is worth considering.           

    USDJPY, H1

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