USD/JPY: Simple Trading Tips for Beginner Traders – July 23rd (U.S. Session)
USD/JPY: Simple Trading Tips for Beginner Traders – July 23rd (U.S. Session)
Trade Analysis and Recommendations for Trading
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Trade Analysis and Recommendations for Trading the Japanese YenThe price test at 146.76 occurred when the MACD indicator had already moved far below the zero line, limiting the pair's downward potential. A second test of 146.76 happened when the MACD was in oversold territory, enabling the execution of Scenario #2 for a buy trade, though a significant rise in the dollar did not follow.It is clear that news of the U.S.–Japan trade agreement continues to support the yen. The economic
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