USD/JPY: Simple Trading Tips for Beginner Traders – August 5th (U.S. Session)
USD/JPY: Simple Trading Tips for Beginner Traders – August 5th (U.S. Session)
Trade Review and Recommendations for Trading
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Trade Review and Recommendations for Trading the Japanese YenThe test of the 147.36 level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential. For this reason, I chose not to buy the dollar and missed out on a good upward move.Traders digested strong Japanese PMI data, which weakened demand for the yen. Next, the market expects the release of favorable data from the U.S. services sector PMI, the composite PMI,
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