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USD/JPY Signal - USD Redbook Index - 12 Oct 2021

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Signal Details
Entry Price: 
113.455
Take Profit: 
112.200
Stop Loss: 
114.000
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDJPY has traded into a daily resistance prior to the USD Redbook Index data, which is a sales weighted retail index. Technically the pair is at a higher time frame resistance, and the 1H RSI has been at overextended levels for an extended period of trading. We anticipate a retracement into support at yesterdays open price.

Submitted by Toni H. on Tue, 12 Oct 2021 00:20:19 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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