March 12 once again sharp drop in USD/JPY — in the midst of a global lockdown, the Japanese yen
(
The United States has announced entry bans for people from the EU.
I didn’t expect restrictions to be imposed in the United States before Japan, but
now Japan is less worried about coronavirus than the United States.
As expected, a people who practice handwashing and cleanliness are strong when it matters.
This was yesterday's article.
As of yesterday when I uploaded the blog, the USD/JPY was showing a downward trend signal.
It briefly overshot the expected bounce back value of 105.100, but then it fell.
Today it reached a key low.
It has since recovered about 100 pips from there, so I’m posting the article.
Almost exactly in line with the [trend reading].
The key value of the Keikan Line is powerful, no matter how wide the volatility is.
Because volatility is large, there is some deviation in values, but
there I use PB4 of the DVD (scalp line) and other tools together to read it precisely when trading.
Earlier this afternoon I touched 104.276 on the rebound, but
I am also drawing PB4.8 DVD + structural line here to observe it.
(It’s spot on. If you learned it, you should draw it—worth it not to omit.)
Indeed, review what you learned. The basics are deeply important.
Going forward,
* Will it drop further?
* How far will the retracement go?
* At what point will it turn upward?
Well then, today as well I will use the Keikan Line to make predictions.