FX Today's Trade Strategy 10/12

EURUSD Euro/Dollar

・Yesterday's Trade

Yesterday, as expected, there was a focus around 0.970.

The first wave forming a W-bottom occurred, but since the H4 MA was directly above, no trade was made.

・Market Environment and Today's Strategy

The first rise from 0.970 occurred, but the H4 MA is being watched and is causing a decline.

Again, 0.970 is in focus.

I want to watch whether it rises and breaks through the H4 MA.

If it breaks above this, it would be seen as a full trend reversal.

Alternatively, if it forms a W-bottom around 0.970, there will be a chance to enter at a cheap price.

USDJPY Dollar/Yen

・Yesterday's Trade

Yesterday was a day with no clear direction.

No trades.

・Market Environment and Today's Strategy

Currently moving in a narrow range of about 50 pips between last month's high and last week's high.

No clear direction.

In any case, entries will likely occur after breaking the upper or lower levels.

Especially near 145.50, where there is an H4 MA as a potential support around last week's low; I want to watch whether this breaks.