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NZD/JPY Signal - 17 Jun 2021

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Signal Details
Entry Price: 
78.47
Take Profit: 
77.9
Stop Loss: 
78.8
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDJPY is trending to the downside at the moment following the Fed's surprise rate outlook. Technically the pair has traded into resistance at the structure level, trendline, and 200 hour moving average. We anticipate continued downside into the 77.9 level.

Submitted by Toni H. on Thu, 17 Jun 2021 02:23:35 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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