USDJPY: growth after the publication of Japan's trade balance

March 18, 2015

Buy on a level breakthrough of 121.50 with 122.00 target. Stop loss = 121.00.

Reason for the trading strategy
Japan's trade balance in February was minus 0.425 trillion yen. The decline in this indicator, which is included in the structure of Japan's GDP, will put pressure on the yen. On a resistance level breakthrough of 121.50 for the USD/JPY pair, it is worth considering opening long positions.


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