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GBP/JPY Signal - JPY Consumer Price Index - 19 Mar 2021

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Signal Details
Entry Price: 
151.690
Take Profit: 
153.200
Stop Loss: 
150.640
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPJPY is trending to the upside strongly prior to the JPY Consumer Price Index data release. As Japan has had severe covid restrictions to date this year we anticipate economic data from Japan to be weak. Technically the pair is holding above the 151.000 level is trending above the moving averages. We anticipate continued upside into the 153.200 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.