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USD/JPY Signal - USD ISM Manufacturing PMI - 1 June 2021

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Signal Details
Entry Price: 
109.46
Take Profit: 
110.000
Stop Loss: 
109.000
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY has traded into support prior to the USD ISM Manufacturing PMI data. The Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. Technically the pair is at support and we anticipate an upside movement into the 110.000 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.