Exness – USDJPY Daily Technical Strategies 23.11.2015
Buy on a level breakthrough of 123.25 with 123.75 target. Stop loss = 122.75.
Reason for the trading strategy
According to James Bullard, the president of the Federal Reserve Bank of St. Louis, the US economy is anticipating a boom. He estimates that the US inflation will reach the 2% level (against the background of a stabilization of oil prices) by the end of 2016. The increase in inflation, which was only 0.2% (y/y) in October, will serve as a signal to raise the US interest rate.
USDJPY, H1
Buy on a level breakthrough of 123.25 with 123.75 target. Stop loss = 122.75.
Reason for the trading strategy
According to James Bullard, the president of the Federal Reserve Bank of St. Louis, the US economy is anticipating a boom. He estimates that the US inflation will reach the 2% level (against the background of a stabilization of oil prices) by the end of 2016. The increase in inflation, which was only 0.2% (y/y) in October, will serve as a signal to raise the US interest rate.
USDJPY, H1
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