EXNESS - Analytics

    EXNESS

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    USDJPY: adjustment from the 111.63 support level

    Sell on a level breakthrough of 111.63 with 110.96 target. Stop loss = 112.13.

    Reason for the trading strategy

    Currently, the dollar is attempting to develop an adjustment against the yen. Meanwhile, the uncertainty about the future path of the interest rate increases in the US and China's economic growth rate supports demand for the Japanese currency.

     

    USDJPY, H4

     


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