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USD/JPY Signal - USD Michigan Consumer Sentiment - 17 Sep 2021

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Signal Details
Entry Price: 
109.78
Take Profit: 
109.300
Stop Loss: 
110.150
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDJPY is cycling to the downside and has made a retracement back into resistance prior to the USD Michigan Consumer Sentiment data, which measures Michigan Consumers conviction in the American economy's health. Technically the pair is testing the broken support trendline as resistance, and we anticipate a lower high to be formed here, following the recent lower low.

Submitted by Toni H. on Fri, 17 Sep 2021 01:27:14 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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