When approaching resistance level 1263.93, we see a drop in the growth rate of the uptrend. It is possible to downward correction to area 1233 by model 3w. Break above level 1258.43 cancel model 3w.
It is possible to correct the uptrend with a target in the area of 2270. I consider the opening of a short position when approaching the resistance level.
Short-term long position at the breakdown of the resistance level.
At the moment, we have a long-term consolidation. We can trade inside consolidation or breakdown.
At the moment, we have a long-term consolidation. You can trade within a consolidation or breakdown. In more detail, trade within the consolidation is dealt with in Part 2.
Breakdown of long-term consolidation down can lead to the development of a long-term downtrend. The development of the downward trend on the index will stimulate the development of the downward trend of the yen.
We have a long-term downtrend. On strong downward movements, I plan to wait for a rollback to open a short position.