USD/JPY: Simple Trading Tips for Beginner Traders – July 24th (U.S. Session)
USD/JPY: Simple Trading Tips for Beginner Traders – July 24th (U.S. Session)
Trade Analysis and Tips for Trading
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Trade Analysis and Tips for Trading the Japanese YenThe test of the 146.38 level occurred at a time when the MACD indicator had already moved far above the zero line, which limited the pair's upward potential.Today, U.S. data will be released on manufacturing and services PMIs, initial jobless claims, and new home sales. These economic indicators could significantly influence the direction of USD/JPY, as they play a key role in assessing the current state and future prospects of the U.S.
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