Buy on a level breakthrough of 104.83 with 105.63 target. Stop loss = 104.33.
Reason for the trading strategy
In April, the All Industries Activity Index in Japan increased by 1.3% (m/m), after a growth of 0.2% (m/m) in March. Market participants are ignoring the positive macroeconomic statistics and are selling the yen amid the reducing fears about the future of the UK economy.
Reason for the trading strategy
In April, the All Industries Activity Index in Japan increased by 1.3% (m/m), after a growth of 0.2% (m/m) in March. Market participants are ignoring the positive macroeconomic statistics and are selling the yen amid the reducing fears about the future of the UK economy.
Exness - USDJPY: consolidation in the range of 103.54-104.83
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