【March 22】Sunday dollar-yen and the strategy for the week ahead
When you look at the Sunday USD/JPY,
it seems to be starting with a slightly bearish gap.
However, in terms of chart shape
short-term it also appears to be a structure that is prone to buy the dip.
Therefore, if it starts with a gap down like this
a long strategy aimed at filling the gap will likely be effective.
■ However, the medium-to-long-term trend is bearish
On the other hand, from a medium-to-long-term perspective
we see a high possibility that the dollar/yen will move downward.
The current level remains in the high range,
and at some point a major correction (downward move) could occur.
■ Points for maneuver
・Gap down → short-term long (aim for gap filling)
・After that → pattern aiming for a pullback sell
This image forms the basic strategy.
What to be especially careful about is
not holding long positions for too long.
Keep to capturing only the short-term rebound,
and exit without greediness.
■ Summary
Short-term long positions tend to function well,
but the overall trend is downward.
With this understanding,
it’s a market where strict position management is important.
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