View On USD/JPY (2 July 2019).
First Thing First: The market went up to 108.5 as we posted on 26th June.
Back Ground: Now it is at the strong resistance level and the price may take some time before it can break out up. Anyway, it shall touch 109.6 level sooner or later. Let's see.
Target(s): Neutral/Slight Bullish toward 109.5
SHTF: 106.5 should act as a decent resistant
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
First Thing First: The market went up to 108.5 as we posted on 26th June.
Back Ground: Now it is at the strong resistance level and the price may take some time before it can break out up. Anyway, it shall touch 109.6 level sooner or later. Let's see.
Target(s): Neutral/Slight Bullish toward 109.5
SHTF: 106.5 should act as a decent resistant
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Our analysis doesn't get it right all the time. In fact, no one can predict the future with 100% certainty.
Anyway, this setup is back in line and our bias is still valid.