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EUR/JPY Signal - JPY Machine Tool Orders - 12 Apr 2021

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Signal Details
Entry Price: 
130.280
Take Profit: 
129.850
Stop Loss: 
130.680
Direction: 
Sell
How we trade
Average: 4 (2 votes)

EURJPY is trending to the downside today prior to the JPY Machine Tool Orders data, which measures the orders for machine tools, an indication of industry growth. Technically the pair has broken the ascending trendline and we anticipate downside into support at 129.850.

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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.