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CAD/JPY Signal - JPY Leading Economic Index - 22 Mar 2021

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Signal Details
Entry Price: 
87.05
Take Profit: 
87.75
Stop Loss: 
86.60
Direction: 
Buy
How we trade
Average: 5 (1 vote)

CADJPY is trending to the upside today following the disappointing economic data out of Japan earlier today. The leading economic index is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. The indicator turned negative in this release, showing a downturn in the Japanese economy.
Technically the pair is trading above the 87.0 level, and we anticipate continued upside today.

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Submitted by Toni H. on Mon, 22 Mar 2021 05:40:48 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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