USDJPY: consolidation before the publication of the US labor market statistics.

April 3, 2015

Buy on a level breakthrough of 120.28 with 121.03 target. Stop loss = 119.70.

Reason for the trading strategy
Today at 12.30 GMT, the US labor market statistics for March will be published. If the number of jobs outside the US agricultural sector exceeds 250 thousand, the US dollar will strengthen against the yen. At the breakthrough of the 120.28 level, opening long positions in the USD/JPY pair is worth considering.


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