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    Analysis of the foreign exchange market on November 30

    Analysis of the foreign exchange market on November 30 (Figure 1)

    USDX

    Resistance Position: 106.90/107, 107.20, 107.50

    Support Location: 106.50/60 (day critical support), 106.00/10

    It is expected to rise further after repeated fluctuations in the range yesterday

    Short-term view on November 16: It is expected that in the next 2-3 weeks: there is repeated test support near 105, repeated pullback 107.50/108, and the low-level structural interval since breaking 109.50 has oscillated back and forth

    Intraday suggestion: sell high and buy low, fast in and out, among which repeated buying on dips is the main one

    107.50 near the sell dollar (accidental break on 107.70 then 107.80 sell, add some fall back 107.20/30 reduce or stop loss change to 107.30, batch take profit 106.50/80, or fall back 106.90 set stop loss 107.00, take profit 106.00/30

    106.40/50, 106.00/20 buy in batches (unexpectedly breaking 105.90 will continue to look for the opportunity to buy dips, and wait for settlement above 106.50), do not break 106.00 to rise above 106.50 to set stop loss 106.40, rise above 106.70 to follow stop loss 106.6, take profit near 106.90 and near 107.20

    You can repeatedly buy dips in the 106.00/30, and settle above 106.80

    radical

    BJT18:00 before: 106.40/50 - 106.90/107 both ends high throw low suction, fast in fast out

    EUR/USD :

    Resistance position: 1.0350, 0390/1.0400 (strong resistance during the day)

    Support positions: 1.0290, 1.0230/50, 1.0200 (strong support this week)

    It is expected to fall further after yesterday's range shock, with a bottom near 1.0290 or a sharp drop of 1.0230/50 support before rebounding again

    Even if it falls sharply during the day and breaks 1.0270, it is expected to be difficult to break 1.0200/30.

    Opinion on November 16: The short-term as a whole is presented in a situation of repeated epicenter rushing up, paying attention to the pressure near 1.05, even if the resistance near 1.05 is broken in the short and medium-term, the personal bias is blocked at 0650/1.0750

    Today's strategy: sell high and buy low, fast in and out

    USD/JPY

    Resistance position: 138.90 (ultra-short, the key to a strong recovery in the day) 139.30/50

    Support Location: 138.40, 137.50/80

    It is expected that the range will fluctuate during the day and yesterday

    As far as the long-term trend is concerned, it reached the target of 150/155 expected in August as scheduled. After being blocked 152 as scheduled, it repeatedly oscillated and fell back, gradually testing the vicinity of 145 and 141. Personally, I think that from the perspective of morphological structure, the short-term trend has weakened to 132/135. After the short-term withdrawal near 142, it was obviously blocked, and still maintained the trend trend of repeated oscillations and decreases

    Today's strategy: throw high and suck low, fast in and out

    GBP/USD

    Resistance Position: 1990/1.2000 2040/60

    Support location: 1.1930, 1.1850, 1750/1.1800

    It is expected that the overall position will be below 1.20 during the day, and it will further decline after the weak shock

    Today's strategy: sell high and buy low, fast in and out

    EUR/JPY

    Resistance position: 143.40/50, 144.00

    Support location: 142.80/143, 142.50, 141.50/80

    It is expected that the range will fluctuate mainly during the day. After repeated shocks, as long as 144 does not break, it always retains the expectation of further decline

    Today's strategy: steady wait-and-see, aggressive high-throw and low-take, fast-in and fast-out

    GBP/JPY

    Resistance position: 165.90/166, 166.60

    Support Location: 165.00/30 (day critical support) 164.50, 163.00/80

    It is expected that the range will fluctuate during the day, and the expectation of further decline will still be retained after repeated shocks

    Today's strategy: sell high and buy low, fast in and out

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    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.