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USD/JPY trading signal - U.S. Core PCE data - 29 Oct 2018

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Signal details
Entry Price: 
111.80
Close Price: 
112.36
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 8 ratings

USDJPY is consolidating between 111.90 - 112.00 with both scenarios on the cards. A drop below 111.80 could push the pair further down, but it is also possible to bounce and target 112.30 level. Trump's criticism of the Fed's policy will likely backfire and the U.S. dollar could benefit. Traders will also eye the Core Personal Consumption data which release is scheduled for 12:30 GMT later today.

usdjpy trading signal 29 oct 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.