Pound-Yen Today's Target Point (December 16)
Monday after the weekend! We are starting around 145.60 with the lower window open.
■Pound-Yen, Daily Target Points
The week starts with an opening gap down, but on the daily chart we are above the +2σ line, so we are rebounding and rising around 145.50 where +2σ exists.■Pound-Yen, Daily Target Points
If we continue and clear around 145.80, a retracement may be attempted, with the targetsaround 146.00,around 146.10,around 146.50, Fibonacci 23.6% around146.63will be a key point, and if the momentum is heavy around the mid-146s we should watch to see if it holds and supports around the low-146s.
If after that146.00is brokenaround 145.80,around 145.50145.50-145.45watch for a potential drop to aroundor so. The daily +2σ is around
This is today’s view.145.50, so it is likely we hold near this level, and move between 145.50 and mid-146s.
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【Sell Recovers Points】
1、Around 146.00 to 146.08
2、Around 146.20
3、Around 146.48 to 146.50
【Pivot Line】※Often a line that becomes a focal point at key levels.
Around 145.87
【Pivot Line】※Often a line that becomes a focal point at key levels.
Around 145.87
【Pullback Buying Points】
1、Around 145.75
2、Around 145.50 to 145.45
3、Around 145.20
※When trading, please proceed with caution and take responsibility for your own trades!
※When trading, please proceed with caution and take responsibility for your own trades!
【Fibonacci Points】
23.6% around 146.66
38.2% around 145.86
50% around 145.21
61.8% around 144.56
■Today's Outlook
Today we have a bullish bias; likely once Tokyo opens we’ll push into the 146 range and trade in the mid-146 area, possibly moving into the high-146s; if we break into the mid-146s, it may extend into the European session and beyond.
If we cannot push into the 146 range, I envision a sideways motion from around 145.50 to 146.00. Today I expect the daily chart to stay firm above +2σ and show a solid bottom.
※Pound-Yen is sensitive to fundamental factors, so when sudden moves occur, be careful not to fight the trend!
Well then everyone, let’s be careful and do our best today as well. Thank you for your continued support this week!!
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Scatro Fuuta’s Daily Market Bloghttp://fxfighter-fuuta.link/
Fuuta’s Technical Study Sitehttp://fx-fuuta.com/
Fuuta’s Twitter@fuuta_fx_trader
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