How far will the yen depreciation continue? Features of an EA strong in a yen depreciation environment - Navi+ - GogoJungle | Auto Trading - Market Analysis

Greetings, this is FX Nobility.

On Friday, 4/26, the yen weakened significantly,

and we greeted the weekend around the 158 yen level.

From now on,how far will the yen weaken?

Many people must be curious!

Therefore, in this Invest Navi+ article,

we will explain the forecast for further yen depreciation and

EA that performs well in a weak-yen environment.

Outlook for USD/JPY

(USD/JPY Daily)

Looking at the USD/JPY daily chart,

since entering April, it has risen significantly

and surpassed previous highs.

Breaking strongly above the high around152 yen

and rising highs and lows,

it is a typical upward trend

that keeps moving higher.

(USD/JPY Weekly)

On the weekly chart,the double top appears to have failedand is pushing to new highs.

From the neckline to the high,

there is about a 25-yen swing, so

based on technicals,

in the long term, possible rise to 175–180 yen

Characteristics of an EA strong in a yen depreciation phase

If yen depreciation continues,

what kind of EA should be adopted?

First, for major currency pairs tied to the yen

USD/JPY, EUR/JPY, GBP/JPYand so on

it is important to trade.

In a current trend market,

trend-following tends to be more favorablethan contrarian trading.

EA that can earn quickly from large moves and grow profits through trend-following

is recommended.

In discretionary trading,

buying on dipsas a base strategy,

keep stops shallow and let profits run

to improve outcomes.

GW限定のお得なセール実施中!!

From today 4/27 (Sat) to 5/6 (Mon)

for one week only,a valuable sale is underway!

Indicators and TradingView strategies

will behalf price, among other offers,

and the trend-following EA perfectly suited for the current yen depreciation,

“Break Hero,”

will substantially increase in price after GW ends.

If you’re interested, please check it out soon

and take a look.

Break Hero

https://www.gogojungle.co.jp/re/EXqLWMylhvGH9d9

Dragon Scalper Indicator 2024

https://www.gogojungle.co.jp/re/vA3FIiHIa3234Cl

TradingView Strategies 5 Types + Manual

https://www.gogojungle.co.jp/re/kdYrG94fgPa8lln