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GBP/JPY Signal - JPY Leading Economic Index - 25 Oct 2021

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Signal Details
Entry Price: 
156.60
Take Profit: 
158.20
Stop Loss: 
155.60
Direction: 
Buy
How we trade
Average: 5 (3 votes)

GBPJPY is trending to the upside currently prior to the JPY Leading economic index data, which is a single summary statistic that tracks the current state of the Japanese economy. Technically the pair has bounced from trendline support, Fibonacci 21.4% support, and previous highs (not included on chart). We anticipate continued upside.

Submitted by Toni H. on Mon, 25 Oct 2021 04:00:52 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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