Sell on a level breakthrough of 111.96 with 110.96 target. Stop loss = 112.50.
Reason for the trading strategy
The business activity index in the US manufacturing sector fell from 52.4 p. to 51 p. in February. The data signal a weakness in the US economy and increase the probability of preserving the US key interest rate in March.
Reason for the trading strategy
The business activity index in the US manufacturing sector fell from 52.4 p. to 51 p. in February. The data signal a weakness in the US economy and increase the probability of preserving the US key interest rate in March.
The USDJPY pair is gradually sliding down to the yearly low
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