USD/JPY (Overall trend is UP)
Updated
View On USD/JPY (8 Apr 2021)
UJ tried to bump into the resistant region of 110~111 and it is making a pullback right now.
109.5 is an immediate support but 108.5~109 will be a bigger SUPPORT region.
So, if you thinking of buying in now, pls make sure to take in the consideration of 108.5 as support too.
Let's see,
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
UJ tried to bump into the resistant region of 110~111 and it is making a pullback right now.
109.5 is an immediate support but 108.5~109 will be a bigger SUPPORT region.
So, if you thinking of buying in now, pls make sure to take in the consideration of 108.5 as support too.
Let's see,
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Note
Updated View On USD/JPY (15 Apr 2021)After the strong rise, UJ is making a decent pullback and I expect it can swing back down to 108~108.4 region first.
This is where the Buyer supports shall come back in.
So, if you have any sell positions, the time get to take your profit out is getting near.
Let's see,
Note
Updated on USDJPY (27 Apr 2021)It had no issue breaking the support of 108.5~108.8 region.
That kinda prove that the support level is pretty week and the sell down is strong.
Now it is try to retouch the level but it may not last.
We might see the continuation of DOWN trend.
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