11/9 Tokyo USDJPY market buy/sell points
＜Results for 11/8 USD/JPY＞
Tokyo range on 11/8: 113.43=66 New York range: 113.08=42
Tokyo was exact with pattern (1) below.
‘For 11/8 Tokyo is seen as the development from the “bottom-testing” of pattern (1) and a rebound.’
(1) Bottom zone 113.25=40 as the bottom, rebound up to the monthly point 113.60-65 and ended with little movement
＜Forecast for 11/9 USD/JPY in Tokyo＞（Created at 8:40）
In Tokyo, it is expected to face resistance at the bifurcation zone 113.25=35 and decline.
Even if it faces resistance, a decline is not guaranteed; a flat range would be the worst outcome, but there is hope for softening to around 112.85-90
（1）Fall with upper limit at the bifurcation zone 112.25=35
・Ideal, if considering the NY view, up to monthly point 112.55-60
・Tokyo would barely fall to the daily point 112.85-90
（2）Break above the bifurcation zone 112.25=35, and expect up to the maximum monthly point 113.60-65
＜Analytical diagram for 11/9 USD/JPY＞
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