Sell on a level breakthrough of 119.68 with 118.79 target. Stop loss = 120.30

April 8, 2015

Sell on a level breakthrough of 119.68 with 118.79 target. Stop loss = 120.30.

Reason for the trading strategy
The Bank of Japan has kept unchanged its policy of increasing the monetary base by 80 trillion yen per year. The Bank of Japan kept its principal assessment of the economy unchanged. According to the regulator, the national economy is following a trend of moderate recovery. It is unlikely that additional monetary easing will be required in the country.

USDJPY, H1

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