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EUR/JPY Signal - EUR Producer Price Index - 8 Apr 2021

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Signal Details
Entry Price: 
130.160
Take Profit: 
130.850
Stop Loss: 
129.680
Direction: 
Buy
How we trade
Average: 5 (2 votes)

EURJPY is trending to the upside prior to the producer price index data being released today, which measures the change in prices received by domestic producers of commodities in all stages of processing. Technically the pair is above the trendline and holding above the significant 130.000 level, and we anticipate continued upside into the 130.850 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.