Buy on a level breakthrough of 110.58 with 111.87 target. Stop loss = 110.08.
Reason for the trading strategy
Summarizing the results of the G7 summit Shinzo Abe, the Japanese Prime Minister announced about the danger of a new economic crisis comparable to the 2008 crisis in its scope and noted that the emerging economies are under a possible impact. According to Abe, the macroeconomic indicators and problems in some sectors of the Chinese economy pose a danger. The news did not provide substantial support for the Japanese currency. The exit of the USDJPY pair beyond the range of 109.09-110.58 will serve as a signal for opening respective positions.
Reason for the trading strategy
Summarizing the results of the G7 summit Shinzo Abe, the Japanese Prime Minister announced about the danger of a new economic crisis comparable to the 2008 crisis in its scope and noted that the emerging economies are under a possible impact. According to Abe, the macroeconomic indicators and problems in some sectors of the Chinese economy pose a danger. The news did not provide substantial support for the Japanese currency. The exit of the USDJPY pair beyond the range of 109.09-110.58 will serve as a signal for opening respective positions.
Exness - The yen ignored Abe's statement on the situation in the world economy
ليست هناك تعليقات:
إرسال تعليق