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NZD/JPY Signal - JPY Construction Orders - 31 May 2021

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Signal Details
Entry Price: 
79.52
Take Profit: 
81.55
Stop Loss: 
78.50
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDJPY is trending to the upside prior to the JPY construction orders data, which shows the number of orders received by construction companies. Technically the pair has broken above the key 79.20 pivot and we anticipate continued upside into the 81.550 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.