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USD/JPY Signal - JPY Retail Sales - 29 Nov 2021

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Signal Details
Entry Price: 
113.560
Take Profit: 
112.600
Stop Loss: 
114.500
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USD/JPY is trading to the downside following surprise positive data on the JPY Retail Sales, which shows the total receipts for retail stores domestically. We anticipate continued downside, as the RSI is holding bearish!

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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.