11/19 Tokyo-Dollar-Yen exchange rate trading points
＜11/18 USD/JPY Results＞
Tokyo range: 113.88=114.26, NY range: 114.16=48
Yesterday's forecast was,
“Tokyo is in a corrective phase, with the upper limit at the ‘ceiling point’ 114.35-40, and the lower zone at 113.65=70… The outlook is whether the upside attempt reaches up to the ‘ceiling point’ or whether, on the decline, it firmly tests down to the ‘lower zone’… ”
In the end, neither was pursued (pattern 2): “no upside attempt and no downside attempt, movement within the middle zone.”
In NY, the price aggressively tested down to Tokyo’s support low at 14.15-20 and finished while still in support.
＜11/19 Tokyo USD/JPY Market＞ (as of 8:30)
Tokyo is supported at the low point 114.15-20, and it’s only a question of whether an upside attempt to the upper monthly point 114.55-60 can be realized.
(1) The low-point test leads to support but there is no rebound, finishing with minor moves in the low range 114.15=40.
(2) The buying-back flow from the low begins. Tokyo looks to realize an upside attempt toward the upper monthly point 114.50=60, crossing the week. 114.20=55 range
＜11/19 Tokyo Analysis Chart＞
× ![]()
