EXNESS - Analytics


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    USDJPY: consolidation in the range of 108.45-109.13

    Buy on a level breakthrough of 109.13 with 109.68 target. Stop loss = 108.63.

    Reason for the trading strategy

    If the labor market data in the US for May turns out better than expected, it will strengthen the likelihood of raising the base interest rate in the US in summer. We believe that this event will take place on June 15 in connection with Janet Yellen's press conference to be held that day. 

    USDJPY, H1


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