Sorry, you need to enable JavaScript to visit this website.

USD/JPY trading signal - US GDP release - 29 Aug 2018

You are here

Signal details
Entry Price: 
111.00
Close Price: 
111.67
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 5 ratings

USDJPY is trading around 111.15 ahed of the US GDP data and we would expect the rally to continue after testing 111.00 level. Looking on the chart, we can see a bullish flag formation that can result in the pair touching 111.50 and closing higher for end of the day.

usdjpy trading signal 29 aug 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.