Our free forex signals service trade today is a buy order on the USD/JPY. The pair will go upside if it finds a bounce off from the support level. The USD/JPY pair moves sideways in the short term. The current range could present an upside continuation pattern. The price tries to accumulate more bullish energy before resuming its growth. After its strong rally, temporary declines are natural. However, a minor drop or a sideways movement could help the buyers catch new long opportunities. The Dollar Index remains bullish after the FOMC Meeting Minutes, while the Japanese Yen futures maintain a bearish bias. Today, the Japanese Leading Indicators indicator was reported at 100.9%, matching expectations but lower than 102.5% in the last reporting period. Tomorrow, Japan will release its Current Account, Consumer Confidence, and the Economic Watchers Sentiment. US Unemployment Claims 201K expected The US is to release the Unemployment Claims later today. The indicator could be reported at 201K in the last week, below 202K in the previous reporting period. Technically, the bias remains bullish as long as it stays above the immediate uptrend. A new higher high could activate an upside continuation. On the other hand, further growth could be invalidated by a valid breakdown below the uptrend line and by a new lower low. Therefore, a 125.11 higher high is seen as a potential upside target if the rate resumes growth. Free forex signals – Buy USD/JPY at 124.11 Free forex signals entry price and take-profit Instrument: USD/JPY Order Type: BUY STOP Entry price: 124.11 Stop Loss: 123.31 TP1: 125.31 My Risk: 1% Risk / Reward Ratio: 1:1.5 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 EUR/USD Price Halts Bears at 1.0864 amid Overbought Signs of DXY Olimpiu Tuns 8 months Our free forex signals service trade today is a buy order on the USD/JPY. The pair will go upside if it finds a bounce off from the support level. The USD/JPY pair moves sideways in the short term. The current range could present an upside continuation pattern. The price tries to accumulate more bullish energy before resuming its growth. After its strong rally, temporary declines are natural. However, a minor drop or a sideways movement could help the buyers catch new long opportunities. The Dollar Index remains bullish after the FOMC Meeting Minutes, while the Japanese Yen futures maintain a… 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.
