Pound-Yen Today's Target Point (December 9)
Monday after the weekend! This morning the pound/yen has opened slightly up with a small gap, starting around 142.65 yen.
■Pound/Yen, daily target points
On the daily chart, a bullish engulfing was formed on Friday, so today we should cautiously watch for downside moves for now.
Below, there is the +1σ area of the Bollinger Bandsaround 142.02 to around 140.00, above is the +2σ areaaround 143.00 to 143.08, movement within this range seems likely, and with Bollinger Bands expanding, we can be hopeful for a rise, but if it falls, we would like to see whether there will be a dip-buy near the 142.40s.
If it rises further from here,around 142.80surpassing this would bring the +2σ areaaround 143.00 to 143.08, and if it breaks above this, the recent highs around143.25,143.50,143.70would become targets.
■Pound/Yen, 4-hour target points
On the 4-hour chart the Bollinger Bands are moving toward a squeeze, so momentum may settle temporarily; below, there isaround 142.00 to 141.80, above, there isaround 143.60 to 143.70movement likely.
The middle line and 25-day line formingaround 142.40will likely be a pivot point,142.40staying above would keep a bullish bias,142.40breaking below would warn of a move down toward around 142.00.
As of the morning, it feels like it may bounce back, soaround 142.70being surpassed could lead toaround 142.90,around 143.00, 143.12 to 143.20may see a rise toward there!?
☆☆☆ Scatro Futa's Target Points ☆☆☆
【Sellback Points on Retracement】
1, around 143.00
2, around 143.15 to 143.20
3, around 143.50
【Pivot Line】※A line that is watched, sometimes serving as a key turning point.
around 142.73
【Pivot Line】※A line that is watched, sometimes serving as a key turning point.
around 142.73
【Push buy points】
1, around 143.40
2, around 143.20
3, around 143.00
※When trading, please proceed with personal responsibility and caution!
※When trading, please proceed with personal responsibility and caution!
■Today’s perspective
Today, the basic bias is bullish. On the 60-minute chart the Bollinger Bands are heading toward a squeeze, so in the near term, the moves to the downside may be aroundaround 142.38, with the -3σ around142.19, and on the upside around +2σ near143.03, +3σ near143.20, movements within this range seem likely to be watched.
Now142.70has been breached, so the market may attempt a pullback from here.
※Pound/Yen is sensitive to fundamentals, so if it moves strongly, be careful not to go against the flow!!
Well then, everyone, let’s stay cautious and do our best today as well. Thank you for your continued support this week too!!
――――――――――――――――――――――――――――――――――――――――――――
Scatro Furuta’s daily market bloghttp://fxfighter-fuuta.link/
Scatro Furuta’s technical study HPhttp://fx-fuuta.com/
Scatro Furuta’s Twitter@fuuta_fx_trader
――――――――――――――――――――――――――――――――――――――――――――
◆◆◆ Highly popular indicator!! ◆◆◆
1. An indicator that tells you exquisitely-timed moves never seen before
2. A never-before series Victory.ver Indicator
× ![]()
