Dollar/Yen in a major turning point! This crash also triggers a sign explosion! You can grab the market entirely even with low-priced tools!

Posted on April 9, 2016

The USD/JPY, after a steep drop since the start of the year that briefly pushed it into the 110s, initially suggested a strong rebound might be attempted, but as investors were not provided with a selling opportunity, this week it plunged again to the 107s. In hindsight, after the big fall at the start of the year, the rebound around 115 was the top, but as I commented on the blog, if the price cannot rebound significantly, there is a possibility of further declines after a period of consolidation.
Ask Ultimate MAX daily chart signaled before the decline began, so it would have been fine to start selling around here, but since the early part of the new year saw a sell signal on the 4-hour chart near where I had multiple short positions again, some were settled near the lows, while others were kept open to be prepared for another significant rebound while watching the daily chart.
In this strategy, positions were kept at an early stage, so the remaining work was simply to monitor daily tool changes and decide whether to continue keeping the positions or not. With the system slated for a version update soon, the over-sell signal began to light once it fell under 110, so I mostly settled the positions I had kept.
In the near term, the target is the 105–106 yen area, a pullback before the Kuroda Bazooka. From here, the ideal trade would be to close the positions being kept rather than adding new shorts as the price falls again. I have been able to craft a chart-based strategy where, if I enter at a critical point and profits rise significantly, I can gradually close positions, so even with some small errors, looking at the chart of this USD/JPY alone can become a tool that generates profits easily.


If you lock in partial profits near the current low, you gain room to observe the subsequent market.





★ Sell signal for years and accelerated decline “USD/JPY weekly sell signal accelerates the drop! Achieves 13-yen gain!” ★ Like GBP/JPY, USD/JPY is in a downtrend in 2016 as well “The great transformation of USD/JPY has only just begun! Sell rallies!” ★ The next focus currency is this! “It will be a year where financial policies of various countries backfire. Eventually the market will reveal the answers… by the end of the year, the USD/JPY and GBP/JPY declines were accurately foretold by Ask Ultimate; the next focus currency is EUR/USD”
From the blog article on 4/8 The USD/JPY gained momentum once it fell below 110. It briefly touched the 107s yesterday, but today it retraced. The Nikkei stock average has also returned to just under 16,000. The trigger seemed to be Abe’s interview with WSJ, which appeared on the headline just before USD/JPY dipped below 110, and the pace of the decline was very fast. Domestic markets may have already completed May’s moves this month, and yesterday I nearly closed out the sell positions on the Nikkei 225 and USD/JPY. The downside is that there was no selling area around the 115 break on USD/JPY, so I couldn’t add to short positions this time. I still hold the underlying position, so if the 105 yen area persists, I would like to liquidate everything for the time being. However, next month there is a summit domestically, and there is a possibility that the domestic market will recover, which could again create selling opportunities.