Sell on a level breakthrough of 106.00 with 105.40 target. Stop loss = 106.50.
Reason for the trading strategy
The meeting of the US Federal Reserve and Bank of Japan will be held this week. Expectations regarding these events will determine the increased volatility of the USDJPY pair in the first half of the week. Currently, the information on the growth of Japan's trade balance from 0.29 trillion to 0.33 trillion yen in June supports the yen.
Exness - USDJPY: consolidation above the level of 106
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