【Warning】157.700 is the line being observed - Navi+ - GogoJungle | Auto Trading - Market Analysis

The dollar/yen is currently in the 157 handle.

In particular, around 157.700 is a price level that has repeatedly capped upside,

and clearly recognized as resistance by market participants.

Going long from this level should be approached with caution.

■ Fundamental risks

Not just technical factors.

Currently there are

・Geopolitical risks from the Iran situation

・Unfilled gap on euro/dollar and pound/dollar

・Risk of a reversal in dollar buying

・Watch for Japanese government intervention as the yen weakens

Multiple uncertainties exist simultaneously.

In particular, cross-dollar movements cannot be ignored.

If there is a rebound in the broad dollar rally, USD/JPY may also unwind.

■ The current optimal approach

Rather than aggressively chasing high-price longs from here,

・Keep positions thin

・Mostly trend toward the short side

・Capture the rebound accurately after a decline

This framework is rational.

■ Can we expect a rebound?

Rebounds should not be taken by feel.

With my method,

I can anticipate in advance the price ranges and timing where rebounds are more likely to occur.

Therefore,

・Avoid catching tops

・Do not chase after extended moves

・Only take advantage of pullbacks/crashes when you have the edge

This is the approach that becomes possible.

Currently it is not a case of being aggressively bullish.

While recognizing the risks,

proceed calmly in line with the structure.

I believe this is how to survive in the current USD/JPY environment.