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USD/JPY Signal - Fed's Monetary Policy statement - 19 Dec 2018

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Signal Details
Entry Price: 
112.30
Take Profit: 
112.80
Stop Loss: 
112.10
Direction: 
High
Result: 
Loss
How we trade
5/5 of 6 ratings

The U.S. dollar remains under selling pressure ahead of the Fed's decision on rate hikes. The uncertainty surrounding the Fed's decision keeps the USD bulls still so far. We might see the bulls in action but traders should be very cautions as the bears can also take over again.

usdjpy signal 19 dec 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.