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USD/JPY Signal - USD 3 Month Bill Auction - 22 Dec 2021

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Signal Details
Entry Price: 
114.06
Take Profit: 
113.000
Stop Loss: 
114.500
Direction: 
Sell
How we trade
Average: 3 (2 votes)

USDJPY is trending to the downside currently prior to the USD 3 Month Bill Auction data, which measures the yield on the US Government backed security. Technically the pair has rejected resistance at the 61.8% fibo level, and has now formed a bearish structure on the 1H price chart. We anticipate continued downside into the 61.8% fibo extension.

Submitted by Toni H. on Mon, 22 Nov 2021 01:06:03 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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