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JinDao_Tai
Feb 14, 2018 1:13 AM

USDJPY to continue lower Short

U.S. Dollar/Japanese YenFXCM

Description



Expect another round of USDYEN moving lower, pausing at 107, before finding support at 106. However, I would look to get out of a trade before the evening.

This evening, we have US CPI and Retail Sales numbers. A strong result could give the USDJPY the base to propel off.
Mixed or weak data from the US and we could see USDJPY plunge towards 106.

Trade closed: target reached

Comments
Scottnoveldex
Great trade Jin - Interesting next leg on this now!
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