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USDJPY Signal - 4th January 2023

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Signal Details
Entry Price: 
131.412
Take Profit: 
126.394
Stop Loss: 
133.960
Direction: 
Sell
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USDJPY has been in a downwards trend for a few months now which was exacerbated by recent economic announcements. We anticipate the price to bounce off a fib level around 131.412 and continue downward movement to the previous low in the region of 126.394.

Submitted by Toni H. on Wed, 04 Jan 2023 00:52:55 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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