Sorry, you need to enable JavaScript to visit this website.

USD/JPY Signal - JPY Consumer Confidence Index - 2 Dec 2020

You are here

»
Signal Details
Entry Price: 
104.450
Take Profit: 
103.95
Stop Loss: 
104.75
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

USDJPY is moving sideways after JPY Consumer Confidence Index data today, prior to the London open. The data captures the level of sentiment that individuals have in economic activity, and came in with positive readings above the consensus, which typically favours JPY strength. Technically the pair has bounced out of resistance at 104.60, and we anticipate further downside into 103.95.

Submitted by Toni H. on Wed, 02 Dec 2020 06:38:37 GMT

Live Broker Spreads

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.

Site Pages

Legal Pages

Social Corner

Trading tools