Preferred direction: BUY
Comment: Despite the local strengthening of the Japanese yen, this currency pair is still considered more favorable to the buyer, especially in the long term. All events within the specified prospects will develop around level 150 and above. As for shorter-term prospects, it is also unlikely that the instrument will go down towards level 144, where the next significant support is located.
On the eve of the NFP, we are considering a strengthening of the US dollar, and a return of the price to the level of 150. It should be noted that the deal is not for one day, so today on the NFP, buyers will most likely only lay down this growth, and we will see its continuation next week.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Despite the local strengthening of the Japanese yen, this currency pair is still considered more favorable to the buyer, especially in the long term. All events within the specified prospects will develop around level 150 and above. As for shorter-term prospects, it is also unlikely that the instrument will go down towards level 144, where the next significant support is located.
On the eve of the NFP, we are considering a strengthening of the US dollar, and a return of the price to the level of 150. It should be noted that the deal is not for one day, so today on the NFP, buyers will most likely only lay down this growth, and we will see its continuation next week.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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