USD/JPY: Simple Trading Tips for Beginner Traders on July 18. Analysis of Yesterday's Forex Trades
USD/JPY: Simple Trading Tips for Beginner Traders on July 18. Analysis of Yesterday's Forex Trades
Analysis of Trades and Trading Tips
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Analysis of Trades and Trading Tips for the Japanese YenThe test of the 148.53 price level occurred when the MACD indicator had already dropped significantly below the zero mark, which limited the pair's downside potential. A short time later, another test of 148.52 took place while the MACD was in oversold territory, which triggered Buy Scenario #2 for the dollar. As a result, the pair rose by 25 pips.Strong U.S. data and comments from Federal Reserve officials supported the dollar
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