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USD/JPY Signal - USD 3 Month Bill Auction - 25 Oct 2021

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Signal Details
Entry Price: 
113.587
Take Profit: 
112.600
Stop Loss: 
114.200
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDJPY is trending to the downside prior to the USD 3 Month Bill Auction Data, which measures the yield on the US Government backed security. Technically the pair has broken the bull trend structure and we are anticipating a deeper correction into the 112.600 level.

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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.