USDJPY: consolidation before the publication of the volume of retail sales in the US

March 12, 2015

Buy on rebound from 120.84 level with 122.00 target. Stop loss = 120.34.

Reason for the trading strategy
Today at 12.30 GMT, the data on retail sales in the US will be published. If the volume of sales exceeds 0.5% (m/m) in January, the demand for the US dollar will resume. With the USD/JPY pair testing the 120.84 support level, opening long positions is worth considering.


Publication source
Exness information  Exness reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

FX Giants Rating
Grand Capital Rating
Larson&Holz IT Ltd Rating
OANDA Rating
Cms Trader Rating
Fort Financial Services Rating

Empire Option Rating
UKoptions Rating
Anyoption Rating
OptionRally Rating
GTOptions Rating
Dragon Options Rating