Get started
ToniSignals

USD/JPY Signal - JPY Leading Economic Index - 28 Jul 2021

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ToniSignals  
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Technical Indicators USDJPY Forex forexsignals forexsignal forexsignalservice forexanalysis forextrading
1
1
harmonicpatterns trendanalysis indicator usdjpy forex forexsignals forexsignal forexsignalservice forexanalysis forextrading
USDJPY is trading to the downside today prior to the JPY Leading Economic Index, which is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. With the Tokyo Olympics providing a boost to the JPY economy it is likely to see positive figures. Technically the pair has broken the ascending trendline and has made a correction in the downtrend, giving a perfect entry opportunity for sells. We expect downside into the 108.750 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.