Pound/Yen today's target points (December 18)
■GBPJPY, Daily Target Points
This morning it seems to be staying above the baseline, holding around 143.70, so be cautious of a possible move back until it dips below roughly 143.63 to 143.60 where the baseline sits!
If after 8 o'clock it turns bullishAround 144.00,and near144.10 with +1σIf you clear this level, there is a possibility of momentum for a rebound, soAround 144.60 to 145.00the rebound would be expected.
Where the baseline sitsAround 143.63 to 143.60If breached, the previous day’s low near143.45,143.10 to 143.00, and the middle line around142.48, be cautious of a drop to that area.
■GBPJPY, 4-hour Target Points
On the 4-hour chart, the daily baseline is being watched, and the price is clinging at a somewhat indecisive point.
Ideally, from the area of the lower -2σ and the upper cloudAround 143.10 to 143.03the market would like to rebound after a pullback, but with the daily chart in mind, it seems likely to test the rebound as it is.
If it moves to test the rebound, first around143.88if this is surpassed, around144.00, with -1σ around144.30 to 144.33, with 10 EMA around144.50 to 144.57, it seems likely to face resistance here, but even if surpassed, the next target would be around144.80as the upper target.
If it dips below around143.60, it could reach143.45, with -2σ around143.15,143.06 to 143.00, so watch for potential rebounds there.
On the 4-hour chart, the daily baseline is being watched, and the price is clinging at a somewhat indecisive point.
Ideally, from the area of the lower -2σ and the upper cloudAround 143.10 to 143.03the market would like to rebound after a pullback, but with the daily chart in mind, it seems likely to test the rebound as it is.
If it moves to test the rebound, first around143.88if this is surpassed, around144.00, with -1σ around144.30 to 144.33, with 10 EMA around144.50 to 144.57, it seems likely to face resistance here, but even if surpassed, the next target would be around144.80as the upper target.
If it dips below around143.60, it could reach143.45, with -2σ around143.15,143.06 to 143.00, so watch for potential rebounds there.
☆☆☆ Scatore Fuuta Target Points ☆☆☆
【Sell on rally points】
1、Around 143.88
2、Around 144.00
3、Around 144.33
【Pivot Line】※These lines are often watched as key turning points.
Around 144.46
【Pivot Line】※These lines are often watched as key turning points.
Around 144.46
【Dip-buy points】
1、Around 143.60
2、Around 143.45
3、Around 143.15
※When trading, please do so at your own risk and with careful consideration!
※When trading, please do so at your own risk and with careful consideration!
【Fibonacci Points】
23.6% around 146.66
38.2% around 145.86
50% around 145.21
61.8% around 144.57
■Today’s view
I would like to see whether the daily chart will turn bullish or bearish for now.
For a bullish candle,around 143.75 to 143.87could be a breakout point, and if surpassed, the plan is to test the rebound. If the upside remains heavy,around 143.60breaks, be cautious of a downside move.
Personally, I feel the daily chart will turn bullish, so today I expecta rebound-testing scenarioto unfold.
Also since there is room for movement, focusing on the 60-minute or 15-minute chart may help identify the points clearly!
※GBPJPY is sensitive to fundamentals, so if it moves abruptly, avoid fighting the trend!
Well then, everyone, let’s stay cautious and have a good day! Best regards!!
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Scatore Fuuta’s Daily Market Bloghttp://fxfighter-fuuta.link/
Scatore Fuuta’s Tech Study Sitehttp://fx-fuuta.com/
Scatore Fuuta’s Twitter@fuuta_fx_trader
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