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USD/JPY - Factory orders - 02 Oct 2020

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Signal Details
Entry Price: 
105.15
Take Profit: 
104.60
Stop Loss: 
105.65
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USD/JPY is trading to the downside today after Factory orders. The Factory orders released by the US Census Bureau is a measure of the total orders of durable and non durable goods such as shipments (sales), inventories and orders at the manufacturing level which can offer insight into inflation and growth in the manufacturing sector. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the USD/JPY into the 104.60 level.

Submitted by Toni H. on Fri, 02 Oct 2020 06:43:43 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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