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EUR/JPY Signal - EUR Gross Domestic Product - 18 May 2021

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Signal Details
Entry Price: 
132.916
Take Profit: 
133.700
Stop Loss: 
132.480
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURJPY is trending to the upside today prior to the EUR Gross Domestic Product data, which shows the total value of goods and services produced domestically. Technically the pair has broken a bullish pennant flag pattern to the upside and we anticipate continued upside into the 133.700 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.