Release：
12/01/2024 18:27
Update：
12/01/2024 18:27
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?
USD/JPY today expects a recovery rally; aiming for a pullback selling point
Dollar/Yen 15-minute chart
Today I think we’re at a stage to target a return-rally selling opportunity...
First, whether we enter the purple zone
A short-term decline around 149.9 is also possible, so scalping could be good
The key level is the 150.529 wall
This also serves as a resistance on the 4-hour chart
If we break through here, further upside retracement is expected
On the 4-hour chart
Today is the position adjustment before Thanksgiving and a buyback
Whether the dollar/yen rises in the morning due to strong dollar demand at the Tokyo fix
If it rises after 10 o’clock, we will gauge the momentum and initiate a short
Also,
If it reaches up to 151.7, we will target shorts
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