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USD/JPY Signal - USD Michigan Consumer Sentiment - 11 Dec 2020

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Signal Details
Entry Price: 
104.23
Take Profit: 
103.430
Stop Loss: 
104.750
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (3 votes)

USDJPY is trending to the downside today prior to the USD Michigan Consumer Sentiment data. The data is a survey of personal consumer confidence in economic activity. Technically the pair has rebounded out of the 104.52 pivot and has now broken below the 1h 50 moving average. We anticipate downside into 103.430.

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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.