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USD/JPY Signal - US-China trade wars - 14 May 2019

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Signal Details
Entry Price: 
109.70
Take Profit: 
109.20
Stop Loss: 
110.00
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 5 ratings

USDJPY already reversed the Monday's slide but the pair faces resistance near 109.80 and it might drop again amid furious trade wars. Forex traders will watch once again the US-China headlines to define the market sentiment for today's session. Some analysts have the opinion that the latest increase in tariffs is a big gamble for the U.S. economy.

usdjpy signal 14 may 2019

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.