Strifor || USDJPY-29/05/2024
Updated
Preferred direction: BUY
Comment: The probability of a fall in the instrument remains, as we wrote about earlier, but we need to consider the global direction as a priority. As for the medium-term prospects, most likely they will develop in favor of the buyer, as well as the long-term prospects. The focus is on the resistance level of 160.209, this year's high. We consider scenario №2 after the price approaches support at level 153, but it is not advisable to try to short here. Scenario №1 is a priority, as are medium-term long in general.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: The probability of a fall in the instrument remains, as we wrote about earlier, but we need to consider the global direction as a priority. As for the medium-term prospects, most likely they will develop in favor of the buyer, as well as the long-term prospects. The focus is on the resistance level of 160.209, this year's high. We consider scenario №2 after the price approaches support at level 153, but it is not advisable to try to short here. Scenario №1 is a priority, as are medium-term long in general.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Trade active
⚡️New ideas for EURUSD, GBPUSD and GOLD⚡️
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
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.