AvaTradeUSD/JPY Today: Facing Resistance.
2024-03-06 09:46:13
Pivot Point: 150.25
Trading Strategy: Bearish below 150.25, with target levels at 149.70, followed by 149.45.
Alternative Strategy: Bullish above 150.25, with target levels at 150.45, followed by 150.60.
Technical Comment: The trend appears bearish as long as the resistance at 150.25 remains.
(Provided by third-party strategy for reference only.)
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Fed Chair Jerome Powell stated the strong U.S. economy allows for a measured pace in adjusting interest rates, pressuring the stock market to decline while Treasury yields rise.
If no agreement is reached or hints of supply threats arise, it could panic the market. This reminds us that after last year's LNG price surge, any tension could cause significant price fluctuations.
Contract for Difference (CFD) refers to a financial derivative in which investors and counterparties engage in speculative or hedging transactions by exchanging the price difference of a commodity. Importantly, this occurs without the need to physically own or trade the underlying asset.
Fed Chair Jerome Powell stated the strong U.S. economy allows for a measured pace in adjusting interest rates, pressuring the stock market to decline while Treasury yields rise.
If no agreement is reached or hints of supply threats arise, it could panic the market. This reminds us that after last year's LNG price surge, any tension could cause significant price fluctuations.
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