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NZD/JPY Signal - JPY Current Account - 10 Nov 2020

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Signal Details
Entry Price: 
71.860
Take Profit: 
71.250
Stop Loss: 
72.306
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

NZDJPY has overextended itself on the 1h RSI prior to JPY Current Account data. The current account data is a net flow of current transactions, including goods, services, and interest payments into and out of Japan. Technically the pair is above the 1h 50 moving average. We anticipate further downside.

Submitted by Toni H. on Mon, 09 Nov 2020 21:19:47 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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