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NZD/JPY Signal - JPY Producer Price Index - 11 Nov 2021

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Signal Details
Entry Price: 
80.51
Take Profit: 
81.80
Stop Loss: 
80.00
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZD/JPY has traded into a key structure as support following the JPY Producer Price Index data, which marked an increase in Producer Prices. Technically the pair has pulled back to key structure support and bounced from the key zone, and has also bounced from the flag pattern support trendline. We are looking for a sustained upside move to 81.80.

Submitted by Toni H. on Thu, 11 Nov 2021 00:45:26 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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