Our free forex signals service trade today is a buy order on the EUR/JPY. The pair will go up if it finds a reversal from the support level. The EUR/JPY pair retreated a little after their strong rally. However, the retreat was temporary before trying to resume its growth. So, technically, the price action signaled that the retreat was over and that the bulls could take the lead. However, in the short term, the price remains sideways. That’s why we need strong confirmation before taking action. The Japanese Yen Futures maintain a bearish bias. The further drop could weaken the Japanese Yen. Fundamentally, the Japanese PPI rose by 9.5% versus 9.2% expected, while the Bank Lending registered 0.5% growth matching expectations. Euro-zone ZEW Economic Sentiment -43.0 points The Euro is struggling to resume its growth despite positive Eurozone economic data. The ZEW Economic Sentiment was reported at -43.0 above -46.5 expected, while the German ZEW Economic Sentiment came in at -41.0 versus -48.4 estimates. In addition, the German WPI came in better than expected, while the German Final CPI came in line with expectations. From the technical point of view, the EUR/JPY pair escaped from the down channel, which represents an upside continuation pattern. Therefore, a new higher high could activate more gains. Free forex signals – Buy EUR/JPY at 136.70 Free forex signals entry price and take-profit Instrument: EUR/JPY Order Type: BUY STOP Entry price: 136.70 Stop Loss: 136.14 TP1: 137.55 My Risk: 1% Risk / Reward Ratio: 1:1.5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next GBP/USD Price Bounces off 1.30 Despite the Hot US CPI Figures Olimpiu Tuns 2 weeks Our free forex signals service trade today is a buy order on the EUR/JPY. The pair will go up if it finds a reversal from the support level. The EUR/JPY pair retreated a little after their strong rally. However, the retreat was temporary before trying to resume its growth. So, technically, the price action signaled that the retreat was over and that the bulls could take the lead. However, in the short term, the price remains sideways. That’s why we need strong confirmation before taking action. The Japanese Yen Futures maintain a bearish bias. The further drop could weaken the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
