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USD/JPY Signal - JPY Household Spending - 6 Aug 2020

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Signal Details
Entry Price: 
105.529
Take Profit: 
105.00
Stop Loss: 
106.00
Direction: 
Sell
How we trade
Average: 4.5 (4 votes)

USDJPY is trending to the downside prior to JPY household spending data, an economic that gives a measure of all household spending. We anticipate further downside on the pair prior to the release. Technically the pair is trading under the 1H 50EMA.

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.