USD/JPY
Understanding where these levels are can help traders make better decisions about entry and exit points. If the price is approaching a strong resistance level, it might be a good opportunity to take profits or short sell, expecting the trend to reverse. Conversely, if the price approaches a support level, it might be a good buying opportunity, anticipating a bounce.
Incorporating support and resistance effectively into your trading strategy requires careful analysis of the market conditions, considering other factors like market sentiment, upcoming economic events, and overall trends.
Incorporating support and resistance effectively into your trading strategy requires careful analysis of the market conditions, considering other factors like market sentiment, upcoming economic events, and overall trends.
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