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GBP/JPY Signal - JPY Leading Economic Index- 26 Apr 2021

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Signal Details
Entry Price: 
149.72
Take Profit: 
150.430
Stop Loss: 
149.280
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPJPY has bounced to the upside prior to the JPY Leading Economic Index, 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 PPO is at bullish levels and price has broken the resistance trendline. We anticipate upside into the 150.430 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.