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USD/JPY Call Signal 21 Oct 2015

Signal details
Entry Price: 
119.80
Close Price: 
119.91
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The USD/JPY has been trading within a tight range before key data on jobless claims and existing home sales in the U.S. tomorrow. As of writing the pair is settling at 119.90 before the next big directional push. The stocks rally in recent days helped underpin the USD/JPY higher.

We are looking at a move lower to buy daily call options today. The closest support level is located around 119.80 and this will be our preferred target level to buy our call binary options today. Incoming speech my Federal Reserve representative Powell could still influence the U.S. dollar.

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.