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USD/JPY Signal - Fed Chair Powell Testifies - 23 Feb 2021

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Signal Details
Entry Price: 
105.000
Take Profit: 
104.55
Stop Loss: 
105.65
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDJPY is trending to the downside today prior to Fed Chair Powell testifying, providing a broad overview of the economy and monetary policy. Technically the pair is below the moving averages, and we anticipate continued downside into the 104.55 pivot level.

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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.