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EUR/JPY Signal - EUR CPI Data - 15 Dec 2020

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Signal Details
Entry Price: 
126.315
Take Profit: 
126.740
Stop Loss: 
125.920
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (1 vote)

EUR/JPY has broken to the upside of resistance and is now testing the level as support prior to EUR CPI data out of Italy. The consumer price index measures the price change of a representative basket of goods and services and is an economic indicator. Technically the pair is above the 126.270 pivot and the 30 minute 50 moving average, and we anticipate upside into the 126.740 level.

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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.