FXToday's Trading Strategy 12/6
EURUSD Euro/Dollar
・Yesterday's Trade
Yesterday, there was movement creating a ceiling near the monthly high around 1.055.
Since a clear direction was not expected, no trading took place.
・Market Environment and Today’s Strategy
Around 1.055 is near the retracement high formed in late June.
It is a region likely to see selling for the time being.
Currently, it is being supported by the H4 MA at 1.050.
If this MA continues to act as support, consider going long.
If it rises to the yesterday's high at 1.060 and stops there, I would consider a short.
USDJPY Dollar/Yen
・Yesterday's Trade
Yesterday unfolded as in the morning scenario.
Longs were entered on a breakout above 134.50 and held until night. +208 pips
・Market Environment and Today’s Strategy
A strong upward impulse 3 wave occurred yesterday.
However, the major milestone at 137.50 has not been reached yet.
Whether this ascent will reach the swing low at 137.50 is uncertain.
Today I want to focus on that point.
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