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NZD/JPY Signal - JPY Leading Economic Index - 6 Oct 2020

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Signal Details
Entry Price: 
70.228
Take Profit: 
69.500
Stop Loss: 
70.500
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZD/JPY is moving in an ascending wedge pattern prior to JPY Leading Economic Index data. The L.E.I is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. Technically the pair is trending sideways, however we anticipate further NZD weakness against the JPY prior to the data release.

Submitted by Toni H. on Tue, 06 Oct 2020 03:57:24 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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