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USD/JPY Signal - USD Retail Sales ex Autos - 16 Oct 2020

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Signal Details
Entry Price: 
105.30
Take Profit: 
105.80
Stop Loss: 
105.00
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USD/JPY is trading to the upside today prior to USD Retail Sales ex Autos. The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the USD/JPY into the 105.80 level.

Submitted by Toni H. on Fri, 16 Oct 2020 01:32:22 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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