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USD/JPY Signal - US Initial Jobless Claims - 16 May 2019

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Signal Details
Entry Price: 
109.70
Take Profit: 
109.20
Stop Loss: 
110.00
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 3 ratings

USDJPY is closing to the resistance level of 109.70 and we might see the Japanese Yen getting some bids in the next hours. The Yen seems to be the winner amid tense US-China trade talks. In the last two weeks, USDJPY is down from 112.40 to 109.20 and EURJPY lost over 400 pips. Forex traders will watch the US jobless claims for some fresh impetus.

usdjpy signal 16 may 2019

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.