On Sunday, Feb, 18 Japan will release a Trade Balance Report, the concensus is that the report will be negative for the Japanese economy, this will cause an uptick in USDJPY followed by the bear trend resuming if the report comes out as predicted this trade will be a great opportunity.
Note
Sell the pair once it retraces off the red levelTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.