Buy on a level breakthrough of 110.37 with 111.87 target. Stop loss = 109.80.
Reason for the trading strategy
After the publication of the US Federal Reserve's report for April, the demand for the dollar has increased. Since the beginning of the week, the US 2 year bond yield has risen from 0.754% to 0.884%. Next week we can expect the USDJPY pair entering the level of 111.87.
Reason for the trading strategy
After the publication of the US Federal Reserve's report for April, the demand for the dollar has increased. Since the beginning of the week, the US 2 year bond yield has risen from 0.754% to 0.884%. Next week we can expect the USDJPY pair entering the level of 111.87.
Exness - USDJPY: consolidation below the level of 110.37
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