The price action signals the presence of an ascending channel, and there is a possibility of further downward movement after this bearish breakout, indicating an impending decline in prices.
My goal is 105.900
I like to draw your attention to this Friday's trading session, which is expected to be characterized by significant market-moving events concerning the Japanese Yen (JPY). Several crucial economic indicators and news releases are scheduled, and i urge all traders to exercise extreme caution while engaging in Yen-related trades.
Remember, while significant news events can present profitable trading opportunities, they also come with increased risks. As responsible traders, it is essential to prioritize capital preservation and avoid undue exposure to market fluctuations.
Wishing you successful and cautious trading !
My goal is 105.900
I like to draw your attention to this Friday's trading session, which is expected to be characterized by significant market-moving events concerning the Japanese Yen (JPY). Several crucial economic indicators and news releases are scheduled, and i urge all traders to exercise extreme caution while engaging in Yen-related trades.
Remember, while significant news events can present profitable trading opportunities, they also come with increased risks. As responsible traders, it is essential to prioritize capital preservation and avoid undue exposure to market fluctuations.
Wishing you successful and cautious trading !
Trade closed: target reached