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USD/JPY Signal - JPY Trade Balance - 9 Nov 2021

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Signal Details
Entry Price: 
113.27
Take Profit: 
112.32
Stop Loss: 
113.92
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDJPY is trading to the downside currently prior to the JPY Trade Balance data, which is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Technically the pair has broken below support, and has now shifted into a bearish structure.

Submitted by Toni H. on Mon, 08 Nov 2021 23:50:37 GMT

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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.

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