GBP/JPY today’s target point (December 4)
Good morning everyone (^_^)/
Yesterday it rose, but around 141 yen the upside was heavy and it turned into a long upper shadow bullish candle as selling pushed down, though around 141 yen the impression is that it’s holding firm!
It might be okay to just drop, but it’s not dropping easily... Maybe it’ll go up after all!?
■Pound/Yen, Daily Target Points
Today starts above the +1σ of the Bollinger Bands, with the middle line and the 10 EMA both pointing upward, so as long as it’s supported neararound 141.10it stays bullish; if it breaks below −1σ, there is also support at thearound 140.90and we’d like to watch how it behaves there.Yesterday it rose, but around 141 yen the upside was heavy and it turned into a long upper shadow bullish candle as selling pushed down, though around 141 yen the impression is that it’s holding firm!
It might be okay to just drop, but it’s not dropping easily... Maybe it’ll go up after all!?
■Pound/Yen, Daily Target Points
If it rises,around 141.50and the +2σ areaaround 141.70should be watched for potential selling pressure; MACD may be crossing green, but the short-term line of the RCI is turning downward, so we’ll watch today to see if it can rebound and cross above +2σ tomorrow.
■Pound/Yen, 4-Hour Target Points
In the 4-hour chart, the Bollinger Bands and the 10 EMA are turning downward, and although there was a bounce at around −2σ last night, the rally momentum looks weak, suggesting another drop.
If it falls,around 141.00will be tested with the area of −2σ ataround 140.92to see if it will find support again; if the bounce is weak, there is −3σ ataround 140.70and the upper 90-day line and cloud top aroundaround 140.53oraround 140.45
If it rises and goes above the 10 EMA ataround 141.25it owns the middle line aroundaround 141.33 to 141.36,around 141.50 to 141.55and the +2σ areaaround 141.72 to 141.75would be optimistic targets.
In the 4-hour chart, the Bollinger Bands and the 10 EMA are turning downward, and although there was a bounce at around −2σ last night, the rally momentum looks weak, suggesting another drop.
If it falls,around 141.00will be tested with the area of −2σ ataround 140.92to see if it will find support again; if the bounce is weak, there is −3σ ataround 140.70and the upper 90-day line and cloud top aroundaround 140.53oraround 140.45
If it rises and goes above the 10 EMA ataround 141.25it owns the middle line aroundaround 141.33 to 141.36,around 141.50 to 141.55and the +2σ areaaround 141.72 to 141.75would be optimistic targets.
☆☆☆ Scatore Fuuta Target Points ☆☆☆
【Pullback Selling Points】
1, around 141.36
2, around 141.62
3, around 141.70 to 141.72
【Pivot Lines】※These lines tend to be watched as turning points.
around 141.28
【Pivot Lines】※These lines tend to be watched as turning points.
around 141.28
【Buy-the-dip Points】
1, around 141.10
2, around 141.00
3, around 140.90
※Please trade at your own risk and with caution!
※Please trade at your own risk and with caution!
【Fibonacci Points】
23.6% around 141.24
38.2% around 140.87
50% around 140.57
61.8% around 140.27
※In the 4-hour chart, a line is drawn from the low 139 yen area.
■Today’s View
Prices look heavy to the upside, but from the morning mood, the Tokyo session may try to test a rebound. If it falls, it seems likely to hold firm around 141 yen.
If it clears the 141.25 around the 10 EMA on the 4-hour chart, you probably shouldn’t rush to short; if you short, wait for a pullback, a time window, or a dip.
Watching the 60-minute chart might make the points clearer.
Today it would be interesting if it rises and posts a new high tomorrow or later!
Well then everyone, let’s be careful and do our best today as well!!
※Pound/Yen is highly influenced by fundamentals, so when it moves rapidly, please don’t fight the flow!
――――――――――――――――――――――――――――――――――――――――――――
Scatore Fuuta’s daily market bloghttp://fxfighter-fuuta.link/
Scatore Fuuta’s technical study sitehttp://fx-fuuta.com/
Scatore Fuuta’s Twitter@fuuta_fx_trader
――――――――――――――――――――――――――――――――――――――――――――
◆◆◆ Highly popular indicators! ◆◆◆
1. An indicator that tells you precise timing never seen before
2. The Never-Before Series Victory.ver Indicator
× ![]()
