Everyone’s favorite USD/JPY
Hello, sudden moves in US dollars have shaken the market, drawing the attention of forex traders to the dollar-yen pair.
With US economic indicators due, the USD/JPY may swing in the 150 yen range, right?
【As with previous times, we will begin with the same guidance at the top.】
Regarding this week’s analysis and strategy for “Everybody Loves USD/JPY,” from now onwill be published as a paid serial articlein the未来 further installments.
(There were customers who purchased the serial article for a one-month trial in the past, so this is in response to that.)
Until now, all serial articles were freely accessible, but even now important articles remain readable for free.
This“Everybody Loves USD/JPY”will be available with a one-month free trial, or for one month of serial article purchases. (It will be available for individual article purchase.)Content focused on USD/JPY analysisaspaid version with a weekly postoroccasional updates as neededwill be delivered.
※ In this USD/JPY dedicated analysis, it uses a method different from the product“503 Techniques [For Busy People to Easily Gain 100 pips (abridged)]”and looks atacross all timeframes and the overall market trend to follow the USD/JPY movements..
After a quick look back at last week, let’s chart the USD/JPY movement for this week (Sept 28–Oct 4).
Review:
Last week’s strategy was written like this.
This week’s strategy:Be aware of the 146.560 level on the 4H chart; consider 148.150–148.500 as the first upside range, and when the 4H downside comes, you’ll be able to tell if there is more room to fall. When it returns to 148.150, it may rebound below 146.560, so prepare for that possibility.
Price has reached the 148.150–148.500 area as the initial upside target, so the movement has been strong. We repeatedly advise caution, but basically start from the 1-hour view, as it’s easier to assess the market with the 503 method…
(For purchasers, you can see at a glance from the chart that the market is still in an uptrend.)
One-week trend
This week’s market moved in the direction of the trend.
Now, let’s look at the USD/JPY movement this week (Sept 28–Oct 4) together using the chart. (I’ll keep it simple.)