May 29, 2019 14:22: Real-time Practical Trade by Rikio Shima Strategy [From Mr. Rikio Shima's Newsletter]
From the real-time trading newsletter "Shima Rikio’s Practical Real Trade" by Shima Rikio, provided by GogoJungle, here is a small excerpt from today’s issue.
Today’s NY cut. The dollar-yen has about 1.6 billion dollars of downside at around 109. However, the move between 109.00 and 109.75 on May 30 looks related to some product. Caution is needed for selling into a break below 109. The upside is becoming heavier. Around 110.00 there is more than 4 billion dollars in total, making it hard to break through.
"'Shima Rikio’s Practical Real Trade' (Shima Rikio)Quoted.
According to Shima, since 110 is turning heavy and selling into a break below 109 should be watched, keep these points in mind. (Editorial department)
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