Today’s free forex signals include the USD/JPY. We have brought you a trade call with entry and exit along with the rationale behind the signal. The USD/JPY pair dropped a little in the short term, but this could be only a temporary drop. The rate could test and retest the immediate support levels before jumping higher. The price dropped as the Dollar Index has found resistance, and it has slipped lower while the Yen was boosted by the Japanese Yen Futures rebound. -Are you looking for CFD brokers? Take a look at our detailed guideline to get started- Yesterday, the Yen received support from the Japanese PPI, which registered an 8.0% growth. Technically, a temporary decline was expected after its recent swing higher. However, a minor retreat could bring more buyers into the game. US Prelim UoM Consumer Sentiment Expected At 72.5 The USD is still bullish after the US reported higher than expected inflation. The Federal Reserve could be forced to hike rates sooner than expected. That’s why the greenback rallied. Today, the Prelim UoM Consumer Sentiment is expected to grow from 71.7 points to 72.5 points which could be good for the USD. Also, the JOLTS Job Openings indicator could be reported lower at 10.02M. Get FREE Forex Signals Now! From the technical point of view, the USD/JPY pair found resistance at 114.27 level and now is trading back below the down trendline. A valid breakout above the down trendline and registering a new higher high could activate an upside continuation. Free forex signals – BUY USD/JPY at 114.44 Free forex signals entry price and takes profit -If you are interested in knowing about scalping forex brokers, then read our guidelines to get started- Instrument: USD/JPY Order Type: BUY STOP Entry price: 114.44 Stop Loss: 113.67 TP1: 115.53 My Risk: 1% Risk / Reward Ratio: 1: 1.4 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. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next USD/CHF Price Challenges 0.9229 Static Resistance, Bulls in Control Saqib Iqbal 6 months Today's free forex signals include the USD/JPY. We have brought you a trade call with entry and exit along with the rationale behind the signal. The USD/JPY pair dropped a little in the short term, but this could be only a temporary drop. The rate could test and retest the immediate support levels before jumping higher. The price dropped as the Dollar Index has found resistance, and it has slipped lower while the Yen was boosted by the Japanese Yen Futures rebound. -Are you looking for CFD brokers? Take a look at our detailed guideline to get started- Yesterday, 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.
