GBP/JPY Today's Target Point (for December 27)
■Pound/Yen, Daily Target Points
Yesterday, it attempted a rebound to the -1σ of the Bollinger Bands as support, rising up toward around 142.70 where the middle line sits.
Today, it seems to start near the 25-day moving average and may try another move higher.
However just above, the 10EMA that has crossed dead above the middle linearound 142.55will be in focus, so if the upside remains heavy, it may continue to trade in the 142 range.
Having declined for a long period and with year-end holidays, Pound/Yen might break upward more easily, but for now the area aroundaround 142.55and the previous higharound 142.70and the area with the middle linearound 142.80are points to watch. If it crosses the middle line, the target could be aroundaround 143.60where the baseline sits.
If the upside weakens and it falls,from around 142.00 to 141.95, the previous day’s low aroundaround 141.50will be a downside target. ※This is on a daily chart basis.
■Pound/Yen, 4-hour Target Points
In the 4-hour chart, Bollinger Bands are flat with a squeeze, holding above the middle line for a firm base.
Before touching +2σ, it stalls and rebounds near the 10EMA; unlike the daily chart, the 10EMA has a golden cross with the middle line, so there is a high likelihood of another advance.
Considering the daily chart,around 142.55 to 142.60appears as the upper target, and if this is broken, the area around +2σ ataround 142.84could offer temporary resistance, but if the upward momentum is strong and BB expands upward,around 143.00 to 143.06and the 90-day moving average with +3σ aroundaround 143.27could become targets.
If it falls, the area with the 10EMAaround 142.25, the 25-day moving average and middle line aroundaround 142.08 to 142.00would likely provide support, but if it breaks around 142, the 200-day moving average aroundaround 141.85 to 141.80and the area around 141.50 where -1σ sits.
☆☆☆ Scatro Futa’s Target Points ☆☆☆
【Rebound Sell Points】
1、Around 142.55 to 142.60
2、Around 142.68 to 142.70
3、Around 142.86
【Pivot Line】※A line that may become a focal point where attention concentrates.
Around 142.31
【Pivot Line】※A line that may become a focal point where attention concentrates.
Around 142.31
【Dip-buy Points】
1、Around 142.26
2、Around 142.05
3、Around 141.83
※When trading, please proceed with personal responsibility and caution!
※When trading, please proceed with personal responsibility and caution!
■Today’s Perspective
Today too, it seems to try a rebound, but with year-end and New Year closings, there may be some exits, making the situation potentially difficult!?
Basically, it seems fine to buy on dips, but upside may be capped, so focus on moves within the 142-yen range.
This will conclude this year's blog. Although the year-end market is moving, participation may thin, so the first blog of the new year is planned to start from the morning of January 6.
Basically, it seems fine to buy on dips, but upside may be capped, so focus on moves within the 142-yen range.
This will conclude this year's blog. Although the year-end market is moving, participation may thin, so the first blog of the new year is planned to start from the morning of January 6.
I will continue to work hard every morning next year as well, so please continue to support me.
I hope everyone has a good year next year!
Everyone, have a Happy New Year (*^-^*)
※Pound/Yen is sensitive to fundamentals, so when it moves abruptly, be careful not to go against the flow!!
Well then, everyone, let’s be cautious and do our best today as well!!
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Scatore Fuuta’s Daily Market Bloghttp://fxfighter-fuuta.link/
Scatore Fuuta’s Technical Study HPhttp://fx-fuuta.com/
Scatore Fuuta’s Twitter@fuuta_fx_trader
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