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USD/JPY Signal - USD Fed Chair Powell Speech - 22 Sep 2020

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Signal Details
Entry Price: 
104.56
Take Profit: 
105.450
Stop Loss: 
104.200
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY is trading to the upside prior to Fed Chair Powell's speech. His speech typically gives insight into the Fed's overview of the economy and monetary policy. We anticipate continued USD strength. Technically the pair has broken up of the trendline and is now resting at previous support. We anticipate further upside into 105.450.

Submitted by Toni H. on Tue, 22 Sep 2020 03:15:42 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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