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USD/JPY trading signal - Fed's Powell Speech - 20 Jun 2018

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Signal details
Entry Price: 
109.95
Close Price: 
110.36
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
ITM
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Today's market sentiment will be driven mostly by the Fed's Powell speech, with traders also waiting to hear ECB president Draghi's speech and RBA's governor Phillip Lowe. We would expect a sharp decline in USDJPY prices and a bounce from the 109.95 support level with the currency pair closing higher on the day.

usdjpy trading signal 20 jun 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.