USD/JPY: Simple Trading Tips for Beginner Traders – August 7th (U.S. Session)
USD/JPY: Simple Trading Tips for Beginner Traders – August 7th (U.S. Session)
Trade Review and Japanese Yen Trading
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Trade Review and Japanese Yen Trading TipsThe test of the 147.20 level occurred when the MACD indicator had already moved significantly below the zero line, which, in my view, limited the pair's downward potential. For this reason, I did not sell and missed the strong downward move. However, the bounce from 146.84, which I highlighted in my morning forecast, yielded around 30 points of profit.Ahead lies the U.S. jobless claims report, consumer credit data, and a speech by FOMC member
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