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USD/JPY Signal - USD Producer Price Index - 10 Sep 2021

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Signal Details
Entry Price: 
109.790
Take Profit: 
110.140
Stop Loss: 
109.550
Direction: 
Buy
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Average: 5 (1 vote)

USDJPY is bouncing from support today prior to the USD Producer Price Index, which measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. Technically the pair has bounced from the 3 day low, and the RSI has given a buy signal.

Submitted by Toni H. on Fri, 10 Sep 2021 03:28:19 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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