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

USD/JPY Signal - JPY Gross Domestic Product - 18 May 2021

You are here

Signal Details
Entry Price: 
109.16
Take Profit: 
109.700
Stop Loss: 
108.800
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY is approaching support following disappointing JPY gross domestic product data, which shows the value of all goods and services produced domestically. Technically the pair is approaching structure support, and the PPO is now in a bullish cross. The Q1 JPY GDP data showed a -1.3% contraction.

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.