EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation above the level of 100.2

    Sell on a level breakthrough of 100.20 with 99.50 target. Stop loss = 100.70. 

    Reason for the trading strategy

    The technical picture in the USDJPY pair remains unchanged. The risks of it reducing to the level of 99.5 remain high due to the conservation of an increased demand for the yen as a safe asset. Today, the pair can keep the support level of 100.2, if the June statistics on the labor market in the US is at the expected level.

     

    USDJPY, H4

     


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