Buy on a level breakthrough of 107.62 with 108.72 target. Stop loss = 107.12.
Reason for the trading strategy
In April, Japan's consumer confidence index fell from 41.7 p. to 40.8 p. The expected decline in consumer spending in the country will have a negative impact on Japan's GDP and will require an expansion of monetary stimulus measures.
Reason for the trading strategy
In April, Japan's consumer confidence index fell from 41.7 p. to 40.8 p. The expected decline in consumer spending in the country will have a negative impact on Japan's GDP and will require an expansion of monetary stimulus measures.
Exness: USDJPY: consolidation below the level of 107.62
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