USDJPY While we expect USD to strengthen last Friday, we think it is “unlikely to threaten key resistance at 141.00.” USD not only broke through the 141.00 level but also spiked to a high of 141.95. While further USD strength is not ruled out, severe overbought conditions suggest that key resistance at 143.00 may be out of reach today (there is another resistance at 142.50). To maintain strong momentum, USD must sustain above 140.95 (minor support is at 141.30).
Next 1-3 weeks: Our most recent report is from last Thursday (July 19, spot at 139.55), where the recent USD weakness has stabilized. We expect USD to trade in a range of 138.00 to 141.00.
Looking at the chart, the candlestick pattern has appeared a cup and handle pattern, signaling a very nice sell signal around 140,700
NOTE:
Note: Nova wants traders to manage their capital well
- Take the number of plots that correspond to your capital
- Take profit in the amount of 4-6% of the capital account
- Stop lots in the amount of 2-3% of the capital account
- The winner is the one who stays in the market the longest
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Note
The currency is to be patient and wait, has everyone entered orders yetTrade active
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Dear My Friends,
NOVA returns and updates new information
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✅ Forex Signal: 5 - 8 signals.
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NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
Disclaimer
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Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.