Our free forex signals service trade today is a buy order on the USD/JPY pair. The pair seems done with the upside for today. The USD/JPY price dropped after reaching a dynamic resistance and registered a new high at 115.69. A temporary retreat was somehow expected after its strong rally in the short term. However, it may test the immediate support levels before jumping higher. –Are you interested in learning more about forex robots? Check our detailed guide- Technically, the pair stands below a strong resistance area. That’s why we need confirmation before taking action. Fundamentally, the Tokyo Core CPI rose by 0.5%, beating the 0.4% growth expected and 0.2% growth registered in the previous reporting period. Furthermore, yesterday, the Prelim GDP aligned with expectations, while the Unemployment Claims indicator reported better than expected data. US Durable Goods Orders 1.1% growth estimated The US dollar remains bullish despite the DXY’s retreat. It remains to see what impact the US data will have later today. The Durable Goods Orders may report a 1.1% growth versus a 0.7% drop in the previous reporting period. Meanwhile, the Core Durable Goods Orders is expected to register a 0.4% growth. In addition, the Core PCE Price Index may report a 0.5% growth. From the technical point of view, a valid breakout above the descending pitchfork’s upper median line (UML) and a new higher high could announce an upside continuation. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy USD/JPY at 115.77 Free forex signals entry price and takes profit Instrument: USD/JPY Order Type: BUY STOP Entry price: 115.77 Stop Loss: 115.05 TP1: 116.85 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 Gold Price Tumbles Below $1,900 After Upbeat US Core PCE Data Saqib Iqbal 3 months Our free forex signals service trade today is a buy order on the USD/JPY pair. The pair seems done with the upside for today. The USD/JPY price dropped after reaching a dynamic resistance and registered a new high at 115.69. A temporary retreat was somehow expected after its strong rally in the short term. However, it may test the immediate support levels before jumping higher. -Are you interested in learning more about forex robots? Check our detailed guide- Technically, the pair stands below a strong resistance area. That’s why we need confirmation before taking action. Fundamentally, the Tokyo Core CPI… 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.
