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USDJPY Trading Signals
Our trading signals have detected an emerging Triangle pattern on the USDJPY 4-hour chart. This signal suggests a possible move towards 153.8857 in the next few candles. However, it is important to consider various factors before making any trading decisions.
Technical Indicators Used:
- Triangle pattern
- 4-hour chart
- Resistance levels
- Possible bearish run
Assets Correlation:
The USDJPY currency pair is often influenced by various factors such as:
- US Dollar performance
- Japanese Yen strength
- Global economic events
- Market sentiment
Economic Calendar Events:
Traders should keep an eye on upcoming economic calendar events that could affect the USDJPY pair, such as:
- US Non-Farm Payrolls
- Bank of Japan interest rate decisions
- US GDP data releases
- Trade balance reports
By staying informed about these events and analyzing the technical indicators, traders can make more informed trading decisions when trading the USDJPY pair.
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