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USD/JPY Signal - 27 Aug 2021

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Signal Details
Entry Price: 
110.01
Take Profit: 
110.500
Stop Loss: 
109.650
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY is trending to the upside currently, having broken above the key resistance trendline. We anticipate continued upside into the resistance at the 110.500 level. The RSI is pointing to further upside, and price is showing signs of a continued trend.

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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.