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USD/JPY trading signal - U.S. Industrial Production - 16 Oct 2018

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Signal details
Entry Price: 
112.20
Close Price: 
112.25
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 9 ratings

USDJPY is on important level and could go either way but with US session closing hours we will bet on a pullback. The U.S. industrial production remained solid in September with no significant impact from Hurricane Florence but a slowdown is expected in the following months.

usdjpy trading signal 16 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.