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USD/JPY SIGNAL - USD CPI Data - 13 Oct 2020

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Signal Details
Entry Price: 
105.418
Take Profit: 
105.050
Stop Loss: 
105.600
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USD/JPY is trending to the downside today prior to USD Consumer Price Index Data. Consumer price index data is the measure of price movements by the comparison of a representative shopping basket of goods and services. The consensus is that there will be a 0.2% decrease, typically being bearish for the USD. Technically the pair is trading below the trendline and 1h 50 moving average. We anticipate further downside into the 105.05 level.

Submitted by Toni H. on Tue, 13 Oct 2020 04:59:18 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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