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USD/JPY intraday: encountering resistance. (Triple Strategies reference.)

AvaTrade
AvaTrade
03-07

USD/JPY faces day-long downward pressure (For reference only, from Triple Strategy) - 2024-03-06 09:46:13

USD/JPY Today: Facing Resistance.

2024-03-06 09:46:13

Pivot Point: 150.25

Trading Strategy: Bearish below 150.25, with target levels at 149.70, followed by 149.45.

Alternative Strategy: Bullish above 150.25, with target levels at 150.45, followed by 150.60.

Technical Comment: The trend appears bearish as long as the resistance at 150.25 remains.

(Provided by third-party strategy for reference only.)

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The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Contract for Difference (CFD)

Contract for Difference (CFD) refers to a financial derivative in which investors and counterparties engage in speculative or hedging transactions by exchanging the price difference of a commodity. Importantly, this occurs without the need to physically own or trade the underlying asset.

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