December 10 (Wed): [Harmonic] Nikkei 225 VS USD/JPY

【This Week's Market Highlights】

This week, the movements of the Nikkei 225 and USD/JPY are especially important points.

Both are drawn with an interim pattern of Gartley on the daily chart, and first we are focusing on whether the rise will continue toward reaching point C.

The Nikkei 225 tends to bounce when it rises to near the Bollinger Band’s resistance band, suggesting a confluence of technical signals.

Since USD/JPY is showing a similar wave, it is also important whether both instruments move in the same direction under positive correlation. Furthermore, in the mid-term, if USD/JPY turns downward, there is a possibility of a Deep Crab ↓ on the weekly chart, so this is a phase to watch for the broader trend. After a rise has run its course, it will be important to observe how much of a correction occurs—an area of high harmonic relevance this week.

➥The details are elaborated in a members-only report.

If you have not registered yet, please go here ↓ 

● Use “The Perceptive Guide to Bollinger Bands” to analyze daily charts

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

● Use “Harmonic Prescriptions” to draw the “Chart should stop at the point where it should stop” ZoneZone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

（※The following is limited to members only.）