Pound/Yen Today’s Target Point (December 12th)
■Pound/Yen, Daily Target Points
On the daily chart, the point is somewhat mid-range, so for now there is also a trendline support.From around 143.00 to around 142.98could fall further!?
On the daily basis, the upside targets are around143.70 near, and near +2σ around143.80 near, with the downside around143.00 near, and around -1σ near142.67 near— if it drops to those levels, we will watch for a rebound.
■Pound/Yen, 4-hour Target Points
In the 4-hour chart, the upper wick is noticeable, but it is gradually rising, so it seems to persist around the 143 range, slight above +2σaround 143.37, and if it surpasses this, there is +3σ around143.52 near, with expectations up to the recent high near143.70 near.
Around 143.70, beware of a double top, and if it overshoots on the upside during an up-move, be cautious of subsequent declines.
If it continues to fall, watch for the levels143.15 near,143.07 to 00 near,142.90 to 85 near, and near the middle line around142.90 near; monitor for any rebound there.
In the 4-hour chart, the upper wick is noticeable, but it is gradually rising, so it seems to persist around the 143 range, slight above +2σaround 143.37, and if it surpasses this, there is +3σ around143.52 near, with expectations up to the recent high near143.70 near.
Around 143.70, beware of a double top, and if it overshoots on the upside during an up-move, be cautious of subsequent declines.
If it continues to fall, watch for the levels143.15 near,143.07 to 00 near,142.90 to 85 near, and near the middle line around142.90 near; monitor for any rebound there.
☆☆☆ Scatroe Fuuta Target Points ☆☆☆
【Sell on Retracements Points】
1、Around 143.37
2、Around 143.52
3、Around 143.70
【Pivot Line】※These are commonly watched levels and can become decisive points.
Around 143.10
【Pivot Line】※These are commonly watched levels and can become decisive points.
Around 143.10
【Buy on Dips Points】
1、Around 143.15
2、From around 143.07 to 00
3、Around 142.90 to 85
※When trading, please do so at your own risk and with caution!
※When trading, please do so at your own risk and with caution!
■Today’s View
Today, the bullish outlook continues! On the 60-minute chart, it seems to be stalling a bit, but even if it declines, it is likely to rebound near the middle line or around the 90-day moving average.
On the weekly chart, it is held near around 143.70 by the 200-day moving average, but there are still today and tomorrow, so it is not certain yet; if this persists and confirms, next week could see continued upside. If the weekly chart forms a long upper shadow bearish candle, next week may trend lower.
※Pound/Yen is sensitive to fundamentals, so if it moves sharply, beware not to fight the trend!
Well then everyone, let’s have a careful day today as well. Thank you!
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Scatroe Fuuta’s Daily Market Bloghttp://fxfighter-fuuta.link/
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Scatroe Fuuta’s Twitter@fuuta_fx_trader
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