Our free forex signals service today is a sell trade on the USD/JPY pair. The USD/JPY pair stands right above a critical support zone, a valid breakdown may activate deeper drop, a larger corrective phase. Still, in the short term, the rate continues to move sideways within a range or a triangle. Escaping from this pattern could bring new opportunities. Today, the Japanese Leading Indicators indicator was reported lower at 99.7% below 99.9% expected. Tomorrow, the Japanese Average Cash Earnings, Bank Lending, Current Account, Economy Watchers Sentiment and the United States PPI and Core PPI data could be decisive. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Fed Chair Powell Speaks Later today, Powell’s remarks at an online conference hosted by the Federal Reserve Board could bring some volatility and high action. Also, don’t forget that the FOMC Evans, Bowman, Williams, and Clarida speeches could have an impact on the USD/JPY. You’ll have to be careful these days as the US is to release its inflation data on Wednesday. The CPI could register a 0.5% growth in October versus 0.4% in September, while the Core CPI could report a 0.4% growth versus 0.2% in the previous reporting period. These figures are seen as high-impact, so the sentiment could change in the short term. The USD/JPY pair challenges the 23.6% (113.38) retracement level and the 113.41 static support. It stands on the uptrend line, on the triangle’s support. Making a valid breakdown below these levels and making a new lower low could activate a larger correction. Free forex signals – SELL USD/JPY at 113.25 Free forex signals entry price and take profit Instrument: USD/JPY Order Type: SELL STOP Entry price: 113.25 Stop Loss: 113.73 TP1: 112.13 My Risk: 1% Risk / Reward Ratio: 1:8 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 Forecast: 0.9099 Support Holds, Upside Reversal Signalled Olimpiu Tuns 6 months Our free forex signals service today is a sell trade on the USD/JPY pair. The USD/JPY pair stands right above a critical support zone, a valid breakdown may activate deeper drop, a larger corrective phase. Still, in the short term, the rate continues to move sideways within a range or a triangle. Escaping from this pattern could bring new opportunities. Today, the Japanese Leading Indicators indicator was reported lower at 99.7% below 99.9% expected. Tomorrow, the Japanese Average Cash Earnings, Bank Lending, Current Account, Economy Watchers Sentiment and the United States PPI and Core PPI data could be decisive. [su_button… Top 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.
