Strifor || USDJPY-21/12/2023
Preferred direction: SELL
Comment: Pressing the price towards the support area near level 142 will most likely lead to a breakdown downwards. There are two trading days left that are expected to be the most volatile of the rest of the year. Today we expect the publication of data from the United States, namely GDP. In this regard, of course, it is better than ever to consider several scenarios.
We are considering two scenarios for the Japanese yen, and they are directed towards sales. Scenario 1 presupposes sales from the current ones, which would be the best option, but against the backdrop of US GDP, it is necessary to take the power reserve of the instrument, since no one has canceled the high volatility. Just for this, we have scenario 2, which takes into account a potential small impulse downward to the resistance level of 144.900.
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Comment: Pressing the price towards the support area near level 142 will most likely lead to a breakdown downwards. There are two trading days left that are expected to be the most volatile of the rest of the year. Today we expect the publication of data from the United States, namely GDP. In this regard, of course, it is better than ever to consider several scenarios.
We are considering two scenarios for the Japanese yen, and they are directed towards sales. Scenario 1 presupposes sales from the current ones, which would be the best option, but against the backdrop of US GDP, it is necessary to take the power reserve of the instrument, since no one has canceled the high volatility. Just for this, we have scenario 2, which takes into account a potential small impulse downward to the resistance level of 144.900.
Thank you for like and share your views!
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