EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation above the level of 106.25

    Sell on a level breakthrough of 106.25 with 105.53 target. Stop loss = 106.75. 

    Reason for the trading strategy

     Changing expectations about raising the base interest rate in the United States in the next term and strong economic statistics for Japan (in particular on GDP) caused the USDJPY pair to test the support level of 106.25.  If this level is broken, the pair will test the current year's low.


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