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USD/JPY Signal - JPY Producer Price Index - 11 Mar 2021

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Signal Details
Entry Price: 
108.41
Take Profit: 
107.89
Stop Loss: 
109.07
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDJPY is trending to the downside at the moment prior to the JPY Producer Price Index data, which is a measure of prices for goods purchased by domestic corporates in Japan. Technically the pair is below the 1h moving averages, and broken below the 108.500 pivot, and we anticipate continued downside into the 107.89 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.