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NZD/JPY Signal - JPY Imports - 16 Jun 2021

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Signal Details
Entry Price: 
78.42
Take Profit: 
79.00
Stop Loss: 
78.05
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDJPY has bounced from support prior to the JPY imports and exports data, which are key pieces of data showing economic growth. Technically the pair has bounced from support and broken above the resistance trendline and we anticipate upside today into the range resistance. Our stop loss is set just below the recent low.

Submitted by Toni H. on Tue, 15 Jun 2021 22:30:59 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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