Our free forex signals service trade today is a sell order on the USD/JPY. The pair is looking for an upside after a mild correction. The USD/JPY pair is trading at the 115.79 level while writing. It retreated after reaching the 115.92 level in yesterday’s session. Technically, the correction is natural after an amazing rally. The currency pair could test the immediate support levels before resuming its uptrend. The price slipped lower as the Dollar Index pared gains. Still, the Yen is bearish in the short term as the Japanese Yen futures plunged. –Are you interested in learning more about copy trading platforms? Check our detailed guide- Fundamentally, the Japanese economic data came mixed again today. The Final GDP registered only a 1.1% growth versus 1.4% expected, the M2 Money Stock rose by 3.6%, beating the 3.5% estimates, while the Final GDP Price Index fell by 1.3%, matching expectations. In addition, the Prelim Machine Tool Orders were reported at 31.6% versus 61.4% in the previous reporting period. JOLTS Job Openings 10.96M expected The USD needs strong support from the US economy to resume its appreciation. The JOLTS Job Openings indicator is expected at 10.96M versus 10.93M in the previous reporting period. Tomorrow, the US inflation data could really shake the markets. From the technical point of view, the USD/JPY pair could extend its growth if it stabilizes above the 115.68 – 115.76 broken resistance area. It could retest the broken downtrend line in the short term before jumping higher. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy USD/JPY at 115.94 Free forex signals entry price and takes profit Instrument: USD/JPY Order Type: BUY STOP Entry price: 115.94 Stop Loss: 115.50 TP1: 116.60 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 EUR/USD Price Eying Breakout of 1.10, Awaiting ECB, US CPI Olimpiu Tuns 2 months Our free forex signals service trade today is a sell order on the USD/JPY. The pair is looking for an upside after a mild correction. The USD/JPY pair is trading at the 115.79 level while writing. It retreated after reaching the 115.92 level in yesterday’s session. Technically, the correction is natural after an amazing rally. The currency pair could test the immediate support levels before resuming its uptrend. The price slipped lower as the Dollar Index pared gains. Still, the Yen is bearish in the short term as the Japanese Yen futures plunged. -Are you interested in learning more about… 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.
