Strifor || USDJPY-17/05/2024
Updated
Preferred direction: SELL
Comment: The Japanese yen, like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222. Here we consider two scenarios.
Scenario №1 involves shorting from the resistance of the downward channel, that is, selling at current prices. Scenario №2 is a preliminary growth before a fall to level 157, where there is a liquidated zone and perhaps the market will want to test this area before the fall.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The Japanese yen, like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222. Here we consider two scenarios.
Scenario №1 involves shorting from the resistance of the downward channel, that is, selling at current prices. Scenario №2 is a preliminary growth before a fall to level 157, where there is a liquidated zone and perhaps the market will want to test this area before the fall.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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