Get our ForexTrading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of April 11, 2022.
Support: 1.0710, 1.0639, 1.0615, 1.0572Resistance: 1.3052, 1.3181, 1.3236, 1.3316AUD/JPYSupport: 134.35, 133.76, 133.39, 132.35Resistance: 1.2586, 1.2651, 1.2675, 1.2753Let us see how trading reversals from one of last week’s key levels could have worked out:, as it acted as both support and resistance alternately during the previous week. Note how such. I was also happy to look for a long trade in this currency pair due to its recent very strong bullish price momentum.
, which is often a great time to enter trades in currency pairs involving Asian currencies such as the USD/JPY. The entry point is marked by the up arrow within the price chart below. This trade has been nicely profitable,based upon the size of the entry candlestick structure.to test the strategies and strengthen your self-confidence before investing real funds.
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