Our free forex signals service trade today is a buy order on the USD/JPY. The pair will go up if the US dollar finds bullish momentum. The USD/JPY pair retreated a little in the short term, but the overall bias remains bullish. The temporary retreat was natural after its strong rally. The pair is trading at 125.39 at the time of writing, above today’s low of 125.08. –Are you interested in learning more about CFD brokers? Check our detailed guide- Technically, the price reached a key level which stands as support. A bullish pattern could indicate a new leg higher. As you already know, the Dollar Index retreated. That’s why the greenback depreciated a little in the short term. Also, the Japanese Yen appreciated as the Yen futures rebounded. Fundamentally, the Japanese economic data disappointed yesterday. The Core Machinery Orders dropped by 9.8% versus 1.5% expected, while the M2 Money Stock rose by 3.5% versus the 3.6% estimated. On the other hand, the US PPI and Core PPI came in better than expected. US Retail Sales Data and ECB Today, the US retail sales figures and the ECB could bring strong volatility. The Retail Sales indicator is expected to register a 0.6% growth in March versus 0.3% growth in February, while the Core Retail Sales may report a 1.0% growth in the last month. In addition, the US is to release the Unemployment Claims, Prelim UoM Consumer Sentiment, and the Business Inventories. From the technical point of view, the USD/JPY pair found support on the 125.10 key level, and now it has escaped from a down channel which could represent a bullish pattern. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy USD/JPY at 125.51 Free forex signals entry price and take-profit Instrument: USD/JPY Order Type: BUY STOP Entry price: 125.51 Stop Loss: 125.03 TP1: 126.32 My Risk: 1% Risk / Reward Ratio: 1:1.7 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 USD/CHF Price Hanging Around 0.9330 range amid DXY drop Saqib Iqbal 8 months Our free forex signals service trade today is a buy order on the USD/JPY. The pair will go up if the US dollar finds bullish momentum. The USD/JPY pair retreated a little in the short term, but the overall bias remains bullish. The temporary retreat was natural after its strong rally. The pair is trading at 125.39 at the time of writing, above today’s low of 125.08. -Are you interested in learning more about CFD brokers? Check our detailed guide- Technically, the price reached a key level which stands as support. A bullish pattern could indicate a new leg higher.… Regulated 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.
