Since the important break of 116 resistance back in March, UsdJpy has risen around 30% and reached 145.
Although a 30% move for a pair like UsdJpy is a lot, this doesn't mean that a drop will follow and, as John Maynard Keynes said: " Markets can stay irrational longer than you can stay solvent", and with this in mind, a smart trader's approach should be to buy eventual dips, not sell in the hope of a reversal.
Technically speaking, 140 is support and around this zone, I will look for buying opportunities.
Although a 30% move for a pair like UsdJpy is a lot, this doesn't mean that a drop will follow and, as John Maynard Keynes said: " Markets can stay irrational longer than you can stay solvent", and with this in mind, a smart trader's approach should be to buy eventual dips, not sell in the hope of a reversal.
Technically speaking, 140 is support and around this zone, I will look for buying opportunities.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.