Sell on a level breakthrough of 108.75 with 107.85 target. Stop loss = 109.25.
Reason for the trading strategy
Yesterday's publication of the negative data on the US construction sector complements a series of poor macroeconomic statistics, published in the US last week, and reinforces expectations of saving the federal funds rate in the range of 0.25-0.5% for a prolonged period of time.
Reason for the trading strategy
Yesterday's publication of the negative data on the US construction sector complements a series of poor macroeconomic statistics, published in the US last week, and reinforces expectations of saving the federal funds rate in the range of 0.25-0.5% for a prolonged period of time.
USDJPY: consolidation above the level of 108.75
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