ToniSignals

USD/JPY Signal - USD Michigan Consumer Sentiment - 17 Sep 2021

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is cycling to the downside and has made a retracement back into resistance prior to the USD Michigan Consumer Sentiment data, which measures Michigan Consumers conviction in the American economy's health. Technically the pair is testing the broken support trendline as resistance, and we anticipate a lower high to be formed here, following the recent lower low.

Trade closed: target reached