GBP/JPY Today’s Target Point (December 13th)
Exit polls from the UK election are out, and the GBP/JPY has surged to the 147 yen level since this morning!! Once this happens, it seems likely to aim for the previous high around 148.80 yen, doesn't it!?
■GBP/JPY, Daily Target Points
Last night in New York time, it surpassed the key level around 143.70 to enter the 144 yen range, and today it rose from near the 10 EMA to about 147.90 yen.■GBP/JPY, Daily Target Points
Having jumped more than 4 yen in the morning, there may be selling pressure and a pullback for now, but beware that when GBP/JPY breaks, the trend tends to continue!
On a daily basis, if it rises,148.00 to around 10,148.40 around,148.80 around looks like the target, and below it, the area around147.00 with +3σ is a level to watch, and if it breaks below around145.60 around the mid-145s, there is caution.
Since it rose sharply in the morning, the daily points have moved apart, solook for targets on the 60-minute or 15-minute charts and consider acting accordingly.
■GBP/JPY, Four-Hour Chart Target Points
In the four-hour chart there is a fairly long bullish candle, so wait and see until this candle closes!
If the top wick becomes long on this candle, expect the next candleto be dominated by selling.
If there is no long upper wick on this candle, anticipate continued upside on the next candlehigher.
I want to see what happens on the next candle.
60-Minute Chart Pointswith +2σ around146.25,15-Minute Chart Pointswith +1σ (around 146.60) and the 10 EMA (around 146.40). Near these points, there may be a rebound!※The positions of the lower-timeframe 10 EMA, etc., will change, so please check them continuously.
Necklineis around146.97, so if it is broken, the price may head towardaround 146.60,around 146.25, around 146.00, around 145.73, around 145.25, around 145.00.
If it continues to extend, on the daily chart the targets would be148.00 to around 10,148.40 around,148.80 around as the targets.
In the four-hour chart there is a fairly long bullish candle, so wait and see until this candle closes!
If the top wick becomes long on this candle, expect the next candleto be dominated by selling.
If there is no long upper wick on this candle, anticipate continued upside on the next candlehigher.
I want to see what happens on the next candle.
60-Minute Chart Pointswith +2σ around146.25,15-Minute Chart Pointswith +1σ (around 146.60) and the 10 EMA (around 146.40). Near these points, there may be a rebound!※The positions of the lower-timeframe 10 EMA, etc., will change, so please check them continuously.
Necklineis around146.97, so if it is broken, the price may head towardaround 146.60,around 146.25, around 146.00, around 145.73, around 145.25, around 145.00.
If it continues to extend, on the daily chart the targets would be148.00 to around 10,148.40 around,148.80 around as the targets.
☆☆☆ Scatre-For Fuuta's Target Points ☆☆☆
【Sell on Retracements Points】
1, around 147.60
2, around 147.90
3, around 148.00 to 10
【Pivot Line】※A line that is often watched and can become a turning point.
around 143.58
【Pivot Line】※A line that is often watched and can become a turning point.
around 143.58
【Buy on Dips Points】
1, around 147.30
2, around 147.00
3, around 146.60
※When trading, please exercise caution and take responsibility for your actions!
※When trading, please exercise caution and take responsibility for your actions!
■Today’s Outlook
It rose too much since this morning, so it’s difficult! I’ll first wait and see, then watch the higher-timeframes (4-hour and 60-minute) to determine whether the rise will continue or whether a pullback will occur.
Since it’s Friday at the end of the week, I’ll also be mindful of the weekly chart developments and proceed cautiously amid the volatility.
※GBP/JPY is highly affected by fundamentals, so when it moves all at once, be careful not to fight the trend!!
Well then, everyone, it’s Friday at the end of the week!! Let’s proceed cautiously today as well. Thank you!
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Scatre-Fuuta’s Daily Market Bloghttp://fxfighter-fuuta.link/
Scatre-Fuuta’s Technical Study Pagehttp://fx-fuuta.com/
Scatre-Fuuta’s Twitter@fuuta_fx_trader
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