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NZD/JPY Signal - JPY Jibun Bank Manufacturing PMI - 22 Jan 2021

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Signal Details
Entry Price: 
74.740
Take Profit: 
75.00
Stop Loss: 
74.29
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDJPY is trending to the upside after the JPY Jibun Bank Manufacturing PMI Data. The data gives an early snapshot of the health of manufacturing sector in Japan. Technically the pair is holding above the 74.29 pivot and the moving averages and we anticipate upside into the 75.00 pivot.

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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.