The positive signal for the dollar! | 25 Januari 2021
25 Januari 2021, USD/JPY
USDJPY trading plan:
U.S. manufacturing activity surged to its highest level in nearly 14 years in early January. Data firm IHS Markit said its flash U.S. manufacturing PMI accelerated to a reading of 59.1 in the first half of this month, the highest since May 2007, from 57.1 in December. The IHS Markit survey's measure of new orders received by factories raced to its highest level since September 2014. The surge in demand reflected both existing and new customers, "with some clients reportedly committing to orders previously placed on hold." This is a positive signal for the dollar!
Investment idea: Buy 103.58 and take profit 103.90.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
