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USD/JPY Signal - US ADP Employment change - 06 Dec 2018

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Signal Details
Entry Price: 
113.20
Take Profit: 
112.60
Stop Loss: 
113.40
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 10 ratings

The U.S. dollar is under selling pressure after the US bond yield inversion, USDJPY dropped to 112.60 level during the late Asia session. Currently, the pair is in a recovery mode already trading above 113.00 level and we see a potential to short USDJPY. Traders will eye upcoming data from the US, including ADP report, Trade Balance and Nonfarm productivity.

usdjpy signal 06 dec 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.