USD/JPY coming back above medium-term trend.
Telah dikemas kini
USD/JPY coming back above medium-term trend.
Following the strong drawdown of the USD/JPY of over 300 pips nearly hitting a long-term support level at 106 is likely to bounce back in the near future. With a positive outlook on unemployment, retail sales, housing starts next week the dollar is likely to pass above the low-lying medium-trend (bottom green line) - as long as the predictions are correct. Furthermore, earlier in the week the price hit the 0.236 Fibonacci retracement level and swiftly bounced back showing more upward momentum and a stronger sign of a reversal. Place a buy stop at around 108, look to take profit at levels nearing/above the green line with the higher gradient.
Following the strong drawdown of the USD/JPY of over 300 pips nearly hitting a long-term support level at 106 is likely to bounce back in the near future. With a positive outlook on unemployment, retail sales, housing starts next week the dollar is likely to pass above the low-lying medium-trend (bottom green line) - as long as the predictions are correct. Furthermore, earlier in the week the price hit the 0.236 Fibonacci retracement level and swiftly bounced back showing more upward momentum and a stronger sign of a reversal. Place a buy stop at around 108, look to take profit at levels nearing/above the green line with the higher gradient.
Pesanan dibatalkan
Price has fluctuated in a range and it has not hit the 108 level. Cancel the trade as the market has changed.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.