I am a noobie in trading. I am interested in Forex as a start to my trading. I have been looking at SGD/JPY rates for the last weeks as I am travelling to Japan end of March. My question is when do I buy my JPYs. I added the resistance and support line on the chart above. My first thought is that the up trend maybe turning bearish. Maybe I should buy it soon before the SGD weakens further. Would love to hear some of the more knowledgable traders here cheers Dr. Espinha
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So the JPY did break the support line. I open a position and I am looking at reaching SGD-JPY at 79.000 Any one thinks otherwise? cheers