USD/JPY Signal - USD 3 Month Bill Auction - 22 Dec 2021

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

trendanalysis harmonicpatterns chartpattern usdjpy usd jpy forex signals forexsignals

USDJPY is trending to the downside currently prior to the USD 3 Month Bill Auction data, which measures the yield on the US Government backed security. Technically the pair has rejected resistance at the 61.8% fibo level, and has now formed a bearish structure on the 1H price chart. We anticipate continued downside into the 61.8% fibo extension.

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