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USD/JPY Signal - JPY Gross Domestic Product - 13 Nov 2020

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Signal Details
Entry Price: 
104.91
Take Profit: 
104.40
Stop Loss: 
105.40
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (1 vote)

USD/JPY is trading to the downside today prior to JPY Gross Domestic Product. The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the USD/JPY into the 104.40 level.

Submitted by Toni H. on Fri, 13 Nov 2020 03:03:45 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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