EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation below the level of 113.69

    Buy on a level breakthrough of 113.69 with 114.50 target. Stop loss = 113.19.

    Reason for the trading strategy

    The weak data on the Japanese economy (low inflation) and the strong data on the American one (good GDP) are pushing the USDJPY pair to the level of 114.50. The breakthrough of the local resistance level of 113.69 will serve as signal for purchasing it.

     

    USDJPY, H4

     


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