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USD/JPY trading signal - U.S. Producer Price Index - 11 Jul 2018

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Signal details
Entry Price: 
111.00
Close Price: 
112.01
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
4.8/5 of 10 ratings

Yesterday, the major pair found resistance at around 111.30 and later on gave up the gains with a drop to 110.80 level. Today, the wires are once again hit by the trade war with United States planning to levy tariff on USD 200bn of Chinese goods. USDJPY is trading at around 111.00 ahead of the U.S. PPI report that is scheduled for 12:30 GMT today. We would expect an immediate effect on the U.S. dollar and prices to reach 111.30 level.

usdjpy trading signal 11 jul 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.