2026/8/22 Dollar/Yen, Gold, SP500, and Nikkei 225 environment
For verification purposes, we provide a weekly video of USD/JPY price movements.
USD/JPY
WeeklyThe trend remains upward with clear new highs. Since the price has broken below the trendline, a medium-term sideways development is expected.
Daily & 4-hourIt retraced to about half, but it did not form a head and shoulders downward movement; buying remains dominant. It has re-turned onto the trendline, and at present, the pattern suggests continuing to test higher levels.
Since currency values are perceived to be weakening, gold is expected to rise in the long term. It had been consolidating, but sentiment appears to be warming a bit.
Daily & 4-hourThe score shows a bullish tilt, and there is a sense of testing the white line drawn on the daily chart.
S&P 500
WeeklyRecent highs have been exceeded, confirming a continuation of the uptrend. Culturally, buying tends to be favored.
Daily & 4-hourIt is gradually dipping, but this appears to be a mere correction. A breakout above the 4-hour trendline could invite more buying.
The upward trend continues, but it is unclear whether it will surge toward the near-term high around 80,000.
Daily & 4-hourWhen it suddenly rose too much, a correction followed. It seems likely to target the daily white line (high), but for now we will wait to see if a reversal is confirmed on the 4-hour chart.
The attached image’s indicator uses the following indicators.
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