EXNESS - Analytics

    EXNESS

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    Real

    The USDJPY pair is gradually sliding down to the yearly low

    Sell on a level breakthrough of 111.96 with 110.96 target. Stop loss = 112.50.

    Reason for the trading strategy

    The business activity index in the US manufacturing sector fell from 52.4 p. to 51 p. in February. The data signal a weakness in the US economy and increase the probability of preserving the US key interest rate in March.

     

    USDJPY, H4

     


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