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USD/JPY Signal - USD 3 Year Note Auction - 8 Jun 2021

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Signal Details
Entry Price: 
109.39
Take Profit: 
110.320
Stop Loss: 
108.940
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY is trending to the upside and has reached support today prior to the USD 3 Year note auction, which shows the yield on the note. Technically the pair has bounced from a key fibonacci level, and we anticipate continued upside into the recent highs.

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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.