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USD/JPY: Simple Trading Tips for Beginner Traders on December 16th (U.S. Session)
Review of Trades and Trading Tips
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Review of Trades and Trading Tips for USD/JPYThe first test of the 153.59 price level occurred when the MACD indicator had moved significantly below the zero line, limiting the pair's bearish potential. For this reason, I refrained from selling the dollar. Shortly after, another test of 153.59 occurred, with the MACD indicator in the oversold area. This allowed Scenario #2 for buying to materialize, resulting in the pair rising by nearly 30 points.Key US economic data such as the Manufacturing
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Jakub Novak,
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