Buy on a level breakthrough of 119.24 with 120.32 target. Stop loss = 118.74.
Reason for the trading strategy
Today's growth of the Asian stock indexes, Nikkei225 and CSI300, by more than 0.9% is conducive to a weakening of the yen, which is used as a funding currency. At the level breakthrough of 119.24, opening long positions in the USD/JPY pair is worth considering.
Reason for the trading strategy
Today's growth of the Asian stock indexes, Nikkei225 and CSI300, by more than 0.9% is conducive to a weakening of the yen, which is used as a funding currency. At the level breakthrough of 119.24, opening long positions in the USD/JPY pair is worth considering.
USDJPY: consolidation below the level of 119.24
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