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GBP/JPY Signal - JPY Producer Price Index - 10 Feb 2021

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Signal Details
Entry Price: 
144.427
Take Profit: 
145.07
Stop Loss: 
143.75
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPJPY has bounced out of the 144.09 pivot ahead of the JPY Producer Price Index data release. The data is a measure of prices for goods purchased by domestic corporates in Japan. Technically the pair is above the moving averages, and experiencing bullish pressure after bouncing from 144.09 support. We anticipate upside into the 145.07 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.