FX Today's Trade Strategy 11/11

EURUSD Euro Dollar

・Yesterday's trades

Yesterday rose sharply after the 22:30 economic indicator release.

After confirming a break of the monthly high of 1.01 on the H4 chart, went long.

Held overnight. +79 pips

・Market environment and today's strategy

It seems 1.01, which was expected to be strong resistance, was broken.

A long-term uptrend is becoming evident.

The current rate around 1.02 is at a level that could act as resistance.

Looking to buy on a pullback after a minor pullback.

Target for the pullback is around 1.0150 or 1.01.

USDJPY Dollar/Yen

・Yesterday's trades

Yesterday fell sharply after the release of the data.

Short after breaking and not returning below the monthly low of 143.50.

Held overnight. +178 pips

・Market environment and today's strategy

Currently being supported by the weekly MA at 141.0.

There seems to be a potential rebound in the near term.

After a tentative rebound, plan to look for selling on the way back up (reversal selling).

Target for the rebound is set near 142.0.