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GBP/JPY Signal - JPY Interest Rate Decision - 21 Sep 2021

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Signal Details
Entry Price: 
149.870
Take Profit: 
148.980
Stop Loss: 
150.420
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPJPY is trading to the downside prior to the JPY Interest Rate Decision, which is made by the BoJ and dictates the interest rate in Japan. Technically the pair has retraced after yesterdays selling, giving us a strong entry opportunity.

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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.