JPYUSD is facing an important support level
The Japanese yen is currently at a multiple tested support range at 0.00900. Here you have to look more closely and there are several possibilities:
1. Direct long positioning and stop loss under the support area
2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under the support again
3. In case of break of the support, you can go for a short position. This can be done with a pending sell stop order or you can wait for the closing price.
1. Direct long positioning and stop loss under the support area
2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under the support again
3. In case of break of the support, you can go for a short position. This can be done with a pending sell stop order or you can wait for the closing price.
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