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EUR/JPY Signal - EUR CPI Data - 1 Dec 2020

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Signal Details
Entry Price: 
124.870
Take Profit: 
125.32
Stop Loss: 
124.38
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

EURJPY is trending to the upside today prior to the EUR Consumer Price Index Data release. The data is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Technically the pair has bounced out of the 124.38 pivot and is above the 50 moving average. We anticipate further upside into 125.32.

Submitted by Toni H. on Tue, 01 Dec 2020 03:29:26 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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