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GBP/JPY Signal - JPY Retail Trade - 28 Apr 2021

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Signal Details
Entry Price: 
151.215
Take Profit: 
150.270
Stop Loss: 
151.70
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPJPY has traded into resistance prior to the JPY Retail Trade data. The data measures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Technically the pair is at resistance and the trendline, and the PPO is trading at overextended levels. We anticipate downside into the 150.270 level today.

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GBP/JPY Signal - JPY Retail Trade - 28 Apr 2021
Submitted by Toni H. on Tue, 27 Apr 2021 23:26:30 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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