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USD/JPY Signal - USD 20 Year Bond Auction - 18 Aug 2021

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Signal Details
Entry Price: 
109.52
Take Profit: 
109.05
Stop Loss: 
109.9
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDJPY is trending to the downside and has made a pullback into the 100 moving average prior to the 20 year bond auction, which reveals the yield on the bill. Technically the pair has a bearish seasonality, and is below the 100 moving average which gives us an indication for further downside. We're looking for downside into 109.05.

Submitted by Toni H. on Wed, 18 Aug 2021 00:57:35 GMT

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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.

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