USDJPY: growth before the publication of the final estimate of US GDP in Q3 2014

December 23, 2014

USDJPY

Buy on a level breakthrough of 120.20 with 121.67 target. Stop loss = 119.70.

Reason for the trading strategy

In November, the sales in the secondary real estate market in the US fell by 6.1% to 4.93 million per year. Despite the negative statistics, the USDJPY pair has risen. The world's reserve currency will probably be supported by the expectations of an upward revision of US GDP for Q3 2014.

USDJPY, H4

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