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GBP/JPY Signal - JPY Leading Economic Index - 24 Aug 2021

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Signal Details
Entry Price: 
150.490
Take Profit: 
149.30
Stop Loss: 
151.360
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPJPY is trending to the downside prior to the JPY Leading Economic Index data which is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. Technically the pair has pulled back into the moving averages, which are in a bearish cross. The RSI has also generated a sell signal, and we anticipate continued downside into the 149.30 level.

Submitted by Toni H. on Tue, 24 Aug 2021 01:19:09 GMT

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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.

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