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USD/JPY trading signal - U.S. Consumer Price Index - 10 Aug 2018

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Signal details
Entry Price: 
111.00
Close Price: 
110.81
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 6 ratings

Because of the light calendar, traders are likely to make decisions based on price action and sentiments. USDJPY is trading around 111.00 with not much of an action in the last few days. The major pair is moving in a descending pattern since 19th of July when USDJPY reached 113.00 level and we would expect that downtrend to continue. Today's Jobless Claims data is unlikely to move the markets significantly and traders would be looking forward to Friday's CPI report in the US.

usdjpy trading signal 09 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.