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USD/JPY Signal - USD Presidential Inauguration - 20 Jan 2021

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Signal Details
Entry Price: 
103.885
Take Profit: 
102.600
Stop Loss: 
104.53
Direction: 
Sell
How we trade
Average: 4.5 (2 votes)

USDJPY has been in a long term down trend and has recently rallied to the upside. We anticipate the Presidential Inauguration to spur further downside on the USDJPY. Technically the pair is below the 104.130 pivot and we anticipate continued downside into the 102.600 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.