Buy on a level breakthrough of 111.91 with 113.80 target. Stop loss = 111.41.
Reason for the trading strategy
The USDJPY currency pair is consolidating before the US Federal Reserve and the Bank of Japan meetings. If the US Federal Reserve hints at the possibility of the federal funds rate increasing in June, and the Bank of Japan expands the monetary measures to stimulate the economy, the USDJPY will test the resistance level of 113.8 in the medium term.
Reason for the trading strategy
The USDJPY currency pair is consolidating before the US Federal Reserve and the Bank of Japan meetings. If the US Federal Reserve hints at the possibility of the federal funds rate increasing in June, and the Bank of Japan expands the monetary measures to stimulate the economy, the USDJPY will test the resistance level of 113.8 in the medium term.
Exness - USDJPY: consolidation before US Federal Reserve and Bank of Japan meetings
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