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USD/JPY Signal - USD 7 Year Note Auction - 28 Sep 2021

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Signal Details
Entry Price: 
111.16
Take Profit: 
110.60
Stop Loss: 
111.50
Direction: 
Sell
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Average: 5 (1 vote)

USDJPY has bearish divergence prior to the USD 7 Year note auction, which shows the yields on the US Government backed security. Technically the pair has been in a bull market, however the RSI is showing strong bearish divergence and the ADX has dropped showing the trend has lost steam. We anticipate a retracement into support.

Submitted by Toni H. on Tue, 28 Sep 2021 03:15:36 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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