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CAD/JPY Premium Signal - JPY Economic Index - 26 Nov 2020

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Signal Details
Entry Price: 
80.240
Take Profit: 
79.610
Stop Loss: 
80.560
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

CADJPY is trending to the downside after its upside move has recently exhausted. JPY Leading economic index data looms, and it appears traders are anticipating JPY strength. The index is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators.
Technically the pair has broken the trendline and is below the 50 moving average.

Submitted by Toni H. on Thu, 26 Nov 2020 02:53:26 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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