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Yen Falls Against Majors

2024-08-12 3548

(fxcue news) - The Japanese yen weakened against other major currencies in the European session on Tuesday. The yen fell to a 4-day low of 170.97 against the Swiss franc, from an early high of 169.49. Against the euro and the pound, the yen slipped to 163.19 and 191.27 from early highs of 161.70 and 189.47, respectively. Against the U.S. and the Canadian dollars, the yen slipped dropped to 147.34 and 108.06 from early highs of 145.84 and 106.99, respectively. Against the Australia and the New Zealand dollars, the yen slid to near 3-week lows of 99.04 and 90.23 from early highs of 98.12 and 89.31, respectively. If the yen extends its downtrend, it is likely to find support around 175.00 against the franc, 170.00 against the euro, 198.00 against the pound, 152.00 against the greenback, 112.00 against the loonie, 102.00 against the aussie and 92.00 against the kiwi.

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Yen Falls Against Majors

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Bay Street Likely To Open On Subdued Note

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Yen Falls Against Majors

Yen Falls Against Majors

Sensex

Bay Street Likely To Open On Subdued Note

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Trader

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

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Yen Falls Against Majors

Yen Falls Against Majors

Sensex

Bay Street Likely To Open On Subdued Note

Please sign in

Trader

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

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