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USD/JPY Signal - USD Non Farm Productivity - 8 Dec 2020

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Signal Details
Entry Price: 
104.040
Take Profit: 
103.650
Stop Loss: 
104.35
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

USDJPY is trending to the downside today prior to the USD Non Farm Productivity data , which shows the output per Hour of labour worked. Technically the pair has broken to the downside of the trendline and is below the 30m 50 moving average. We anticipate further downside into 103.650.

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Submitted by Toni H. on Tue, 08 Dec 2020 04:27:08 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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