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USD/JPY Signal - USD 20 Year Bond Auction - 21 Jul 2021

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Signal Details
Entry Price: 
109.92
Take Profit: 
109.200
Stop Loss: 
110.30
Direction: 
Sell
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Average: 5 (1 vote)

USDJPY has made a pullback into the moving average ribbon prior to the USD 20 Year Bond Auction, which reveals the yield on the bond. US Bond yields impact various different markets, as they show the US Government willingness to pay owners fixed interest, reflecting their outlook of the economy. Technically the pair has reached a resistance level and 200 hour moving average resistance lies just above price. We anticipate downside into the 109.200 level.

Submitted by Toni H. on Wed, 21 Jul 2021 00:03:53 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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