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USD/JPY Signal - Fed Interest Rate Decision - 31 Jul 2019

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Signal Details
Entry Price: 
108.50
Take Profit: 
108.00
Stop Loss: 
108.70
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 3 ratings

USDJPY is trading above 108.50 ahead of the Fed Interest rate decision. The pair already lost 40 pips falling from 108.90 to 108.50 level. We may see USDJPY plunging even further on some dovish comments from Fed Chairman. Forex traders will follow closely today's Fed's monetary policy statement.

usdjpy signal 31 jul 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.