June 21 Salaryman Dollar-Yen & Pound-Yen Forecasts in Japanese time & European time [Free Release] Yesterday's paid article!
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Last night's article from U.S. time.
This is the continuation of the pound-yen section.
Last night both pairs continued to move lower.
Dollar/Yen hit a new low for the month. (^^♪)
Will we test the 105 yen region at the start of the year? Or will it hold above that level?
Conversely, will it stop in the 105 yen range?
It’s falling due to expectations of U.S. rate cuts, but Japan is signaling further [additional easing] as well, not to be outdone.
I’m just reading the lines and making forecasts based on them, so I don’t change my reading much from the news, but
one
I set the exit targets at the lower and upper bounds where I expect to go if something happens.
Or, since the current trend is bearish, go long there.
But this really requires caution, as there is a line where it will stop for the moment.
Since it moves in the opposite direction, this requires knowing the strength and definition of the line, but
for now, that line is...