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New Forex Trading Signal: Sell USDJPY @ 112.60

Sell USDJPY @ 112.60. Take profit targets @ 112.10 and 111.80

Stop loss @ a close above 113.10

Conviction:

On the daily CHART chart, the moving average of USDJPY pair is diverging from the CCI and the MACD signal line is crossing the Histogram showing weakness in the pain. Moreover, on the 4 Hours chart, the pair formed a bearish engulfing patter confirming on the pair weakness.

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About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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