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USD/JPY Signal - JPY Overall HouseHold Spending - 6 Sep 2021

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Signal Details
Entry Price: 
109.80
Take Profit: 
110.250
Stop Loss: 
109.40
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY is trading to the upside prior to the overall household spending data out of Japan, which measures the total expenditure by households. Technically the pair has bounced from trendline support, and we anticipate a continued push to the upside today prior to the JPY data.

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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.