USDJPY: consolidation in the range of 122.73-123.59

12 November, 2015

Sell on a level breakthrough of 122.73 with 122.00 target. Stop loss = 123.23.

Reason for the trading strategy

Before tomorrow's publication of statistics on retail sales in the US, the USD/JPY pair continues to consolidate in the range of 122.73-123.59, exit from which will serve as a signal for opening of the relevant positions.


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