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EUR/JPY Signal - JPY Tankan Large Manufacturing Index - 14 Dec 2020

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Signal Details
Entry Price: 
126.070
Take Profit: 
125.790
Stop Loss: 
126.270
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (3 votes)

EURJPY has rejected out of resistance after the Tankan Large Manufacturing Index data. Technically the pair has two pivots as resistance and the 50 moving average just above. We anticipate further downside on EURJPY today into the 125.790 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.