Today, our free forex signals service trade is a sell order in USD/JPY. The price will go down if the JPY gains momentum after the US NFP. The USD/JPY pair registered a strong leg higher in the short term, but the buyers seem exhausted. As a result, the price started to drop, and it could activate a larger correction soon. After that, it could come back down to test and retest the near-term support levels before developing a new leg higher. –Are you interested in learning more about spread betting brokers? Check our detailed guide- Fundamentally, the Japanese data came in mixed today. The Monetary Base rose by 6.6% versus 8.2% expected, while the Tokyo Core CPI registered a 1.9% growth compared to 1.8% estimates. Later, the volatility could be high as the US releases high-impact figures. Most likely, the USD/JPY pair could register sharp movements. Non-Farm Employment Change 390K expected Today, the fundamentals will move the price. For example, the NFP is expected at 390K in April versus 431K in March. The unemployment rate may also drop from 3.6% to 3.5%, while the Average Hourly Earnings could register a 0.4% growth. Also, the Canadian data could impact the greenback as well. Technically, it has dropped below the uptrend line signaling that the upside movement is over. However, as long as it stays within the descending pitchfork’s body, the USD/JPY pair could drop deeper. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Sell USD/JPY at 130.25 Free forex signals entry price and take-profit Instrument: USD/JPY Order Type: SELL STOP Entry price: 130.25 Stop Loss: 130.82 TP1: 129.40 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 USD/CAD Price Ranging Lower Before US NFP, Eying a Breakout Olimpiu Tuns 7 months Today, our free forex signals service trade is a sell order in USD/JPY. The price will go down if the JPY gains momentum after the US NFP. The USD/JPY pair registered a strong leg higher in the short term, but the buyers seem exhausted. As a result, the price started to drop, and it could activate a larger correction soon. After that, it could come back down to test and retest the near-term support levels before developing a new leg higher. -Are you interested in learning more about spread betting brokers? Check our detailed guide- Fundamentally, the Japanese data came… 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.
