Release：
10/30/2024 19:34
Update：
10/30/2024 19:35
Morning market strategy - Raising profits from the turbulent market waves -
A professional full-time trader wakes up in the morning, first looks at the charts and checks the fundamentals, and discloses the chart analysis results and key level prices for USD/JPY, along with the day's strategy derived from market sentiment, for your reference in trading. Would you like to use this for reference in your trades?
Markets position adjustments ahead of the Bank of Japan policy meeting cause a temporary drop?
USD/JPY 1-hour chart
Bank of Japan policy meeting today
As of the previous expectations
The scenario already prices in that BOJ will not move
Even if there is a slight rise after the announcement, they cannot move until the Governor's press conference
Will it fall?
From the position situation
If there is a dip around the 153.3 position adjustment
Would like to go short in the short term
Pivot line
Today the resistance around R3 and S2 looks thick
If BOJ moves on tightening, Governor Ueda hawkish remarks
Will it reach S4?
At present, technically, the outlook is bullish
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