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USD/JPY hit another low since June. Is there any chance of a fall? Is it time to go short right now?

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USD/JPY:
The USDJPY D1 chart shows that the price has now hit the lower support level. Although the current trend has basically turned to the bears, there is still one thing that needs to be confirmed is whether the price will form a false breakout. Therefore, the current price should have a high probability of a pullback. If the pullback does not break through the upper resistance level, the price will continue to fall.

Looking back at the H1 chart, it can be found that the candle chart has formed a morning star pattern, and the price has also formed support below, and a callback is inevitable. But with the current strong downtrend, we won’t catch many pullback points, which will only further increase our loss rate.

Order suggestion:
Deploy short positions at high levels, and high-risk investors can choose to go long.

All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.

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Daily Market Analysis

美元强势逆袭,金价“看跌吞没”,多头这下危险了!

周二(8月16日)亚市盘初,现货黄金在1780关口下方徘徊,目前交投于1777.35美元/盎司附近,隔夜美元指数大幅上涨,创下一周新高,对金价打压明显,金价一度跌至1770关口附近,日K线图在相对高位出现“看跌吞没”的顶部信号,投资者需要提防金价的进一步下跌风险。 数据表示:“黄金一直停留在1800美元附近,周一美元走强正推动黄金和整个大宗商品市场下跌。现在黄金交投很谨慎,美联储将继续加息……投资者确实预期利率即将提高。”

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Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.
Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

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