Preferred direction: SELL
Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152. The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a preliminary approach to 157-158. In both cases, we fix the target near the level of 153.222 (70%), and at the level of 151.786 (the remaining part).
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Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152. The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a preliminary approach to 157-158. In both cases, we fix the target near the level of 153.222 (70%), and at the level of 151.786 (the remaining part).
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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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.