EXNESS - Analytics

    EXNESS

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    The USDJPY pair is ready to break through the support level of 112.4

    Sell on a level breakthrough of 112.40 with 111.65 target. Stop loss = 112.90.

    Reason for the trading strategy

    A low probability of an increase in the US key interest rate in March and today's decline in the Asian stock markets put pressure on the USDJPY pair. A breakthrough of the support level of 112.4 can cause its decline to the level of 111.65.

    USDJPY, H4


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