EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation below the level of 112.20

    Buy on a level breakthrough of 112.20 with 112.85 target. Stop loss = 111.70.

    Reason for the trading strategy

    Dennis Lockhart , the US Federal Reserve representative, believes that the economic data justifies the Federal Reserve's next move, "perhaps at the April meeting already".  He expects a growth in the US economy by 2-2.5% in the current year.

    USDJPY, H4


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