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CAD/JPY Signal - JPY Producer Price Index - 12 Oct 2021

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Signal Details
Entry Price: 
90.707
Take Profit: 
89.000
Stop Loss: 
91.450
Direction: 
Sell
How we trade
Average: 5 (1 vote)

CADJPY is trending to the downside today having rebounded out of a key daily pivot level as resistance. This morning during Asia session JPY Producer Price Index data was released surprisingly positive, sparking JPY strength. We anticipate continued downside today for the minor forex pair.

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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.