Strifor || USDJPY-29/05/2024
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.
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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!
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