Today alone, including the pullbacks, we gained over 55 pips; the overreaction method is exploding.
Good evening, this is Keikana. Please read the article on the sudden surge in USD/JPY on 4/4. Using the technical method called the Overshoot Method, I am making a pre-forecast of the pullback.
This technique says that if the rate is higher than this level, it will return to a certain point. In fact, after the employment statistics were released today, it pulled back, right? Now, once again, I will pre-forecast USD/EUR with the Overshoot Method. It is highly likely to pull back to around 1.12590. Today, or soon, I expect it to retrace.
Earlierhttp://keikana.blog.jp/A protective article will also be uploaded later, but it was an article suggesting a reversal around 260–290. This technical method is the core technicals’ upper and lower limit lines, and the Overshoot Method, which anyone can analyze. Well then. That’s all for today. By Keikana