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USD/JPY Signal - JPY Machine Orders Tools - 13 Jan 2021

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Signal Details
Entry Price: 
103.670
Take Profit: 
104.100
Stop Loss: 
103.300
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY is rebounding intraday prior to the JPY Machine Orders Tools data. The data shows movements in tool orders by manufacturers. Technically the pair is above the 103.3 pivot and we anticipate upside today into the 104.1 pivot level.

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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.