On Tuesday, the pressure on the US dollar was given by Producer Price Index, which were lower than expected, as well as retail sales, but do not be confident that the dollar went to turn, these data as a whole showed an increase compared to the previous month.
Rather, it is another opportunity to open long positions on this pair. Yesterday the lower limit of the corridor was broken, however, then the couple returned to their trading range. Also on the course was pressured speech advisor Abe, who said that they satisfied with the price of 105 yen per US dollar.
I am considering buying a currency pair above 119.20 support level, targets for profit: 120.00; 121.00; 122.00. However, if the pair consolidates below 119.20 support, while sales opportunities with the objectives of 118.80; 118.20.
Rather, it is another opportunity to open long positions on this pair. Yesterday the lower limit of the corridor was broken, however, then the couple returned to their trading range. Also on the course was pressured speech advisor Abe, who said that they satisfied with the price of 105 yen per US dollar.
I am considering buying a currency pair above 119.20 support level, targets for profit: 120.00; 121.00; 122.00. However, if the pair consolidates below 119.20 support, while sales opportunities with the objectives of 118.80; 118.20.
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