FX Today's Trading Strategy 11/22

EURUSD Euro Dollar

・Yesterday's trades

Yesterday, the price sold off steadily from the morning.

It broke below the weekly low of 1.0270, but due to the near-term bullish pause candidate from two weeks ago, there was no trade.

・Market environment and today's strategy

The current rate around 1.0250 is near the midpoint of the two-week uptrend, a potential pullback level.

Buy and sell pressures may be balanced and range-bound.

If a range is formed, I would follow the breakout direction.

USDJPY Dollar/Yen

・Yesterday's trades

Yesterday, I went long at the breakout point after forming a range at last week's high and breaking higher.

I exited at around 142.0 where a pullback seemed likely to occur, taking +84 pips.

・Market environment and today's strategy

Another upward wave forming a higher swing has started to test higher prices again.

Watch closely how far this rise will continue.

Near 142.0, a first pullback could occur.

If there is a breakout from the range, I would follow the breakout direction.

If it breaks to the upside, 142.50 could become resistance, but if that is also broken, the next target could be the previous month’s low at 143.50.