How To Make Money Today: Daily Market Analysis and Forex Trading Signals 8 June 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis and the trading strategy to use today. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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USD/JPY:

On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 132.512 where the horizontal swing low support is to our 1st resistance at 134.450 in line with the 161.8% fibonacci extension and 78.6% fibonacci projection. Alternatively, price may break 1st support structure and head for 2nd support at 131.277 where the horizontal overlap support is.

Areas of consideration:

H4 time frame, 1st resistance at 134.450
H4 time frame, 1st support at 132.512

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