2024-11-04 10:17
IndustriyaUSDJPY Face Resistance
Market Overview: After a significant rise in October, the current price of USD/JPY has reached a weekly resistance level, and a technical pullback may be on the horizon.
Trading Recommendations:
1. Short-Term Strategy:
o Consider taking profits by exiting some long positions near the current price.
o You may also look to establish short positions, anticipating a price pullback.
2. Support Levels to Watch:
o Focus on support levels around 149.0 and 147.3. If the price drops to these areas, consider buying on dips.
Risk Warning:
• Be mindful of market volatility and set appropriate stop-loss levels to manage risk.
•
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Kevin Cao
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USDJPY Face Resistance
Hong Kong | 2024-11-04 10:17
Market Overview: After a significant rise in October, the current price of USD/JPY has reached a weekly resistance level, and a technical pullback may be on the horizon.
Trading Recommendations:
1. Short-Term Strategy:
o Consider taking profits by exiting some long positions near the current price.
o You may also look to establish short positions, anticipating a price pullback.
2. Support Levels to Watch:
o Focus on support levels around 149.0 and 147.3. If the price drops to these areas, consider buying on dips.
Risk Warning:
• Be mindful of market volatility and set appropriate stop-loss levels to manage risk.
•
Katulad 0
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