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USD/JPY Signal - Japan National CPI - 21 Nov 2018

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Signal Details
Entry Price: 
112.90
Take Profit: 
112.40
Stop Loss: 
113.10
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 4 ratings

USDJPY is moving down from tops 114.10 to reach 112.30 level where made correction. Currently, the pair is trading at around 112.90 and the resurgent U.S. dollar demand might not continue long. With important data coming from Japan, including the National CPI report, we expect USDJPY to resume the downtrend.

usdjpy signal 21 nov 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.