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USD/JPY Signal - USD Fed Mester Speech

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Signal Details
Entry Price: 
103.100
Take Profit: 
102.52
Stop Loss: 
103.58
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDJPY is trending to the downside prior to Fed Mester's speech today. Mester's speech will likely give insight into the Fed's economic outlook and monetary policy outlook. Technically the pair is trading below the 103.310 pivot and we anticipate further downside into the 102.52 level.

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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.