Elkana Roveglia BA
Takemytrades.com
USDJPY is in a downtrend move. This morning we have some data coming out of America which will have an impact on this currency. If data will come out negative, expect a continuation of the sell. After the break of 116.50 area which is working as a support, look to trade it to the first target @ 116.00/115.89. If the currency will carry on selling, look for the second target @ 115.00/114.85, however pay attention to the bottom of the trend-wall.
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Take My Trades, Forex signal service and education is provided for the purpose of learning about the Forex market. It does not aim to guarantee that you will be a successful trader overnight, this is a process that takes time and commitment, learning the fundamentals and technicality of the financial market. This service shows how a successful trader reviews the trends and signals of the market and takes trades based on fundamental trading rules. Take My Trades is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the currencies or other instruments featured on this website. You understand and acknowledge that there is a very high degree of risk involved in currencies and other leveraged financial instruments. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results.
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