12/6 Tokyo USD/JPY exchange rate buy/sell points
<12/6 Tokyo Dollar-Yen Market> (as of 8:20)
Today’s results in Tokyo will decide the trend for the week.
Key point is the “range-bound zone” 112.95 = 113.25.
(1)If the price decisively breaks above the range-bound zone 112.95 = 113.25, this week will be a dollar-strengthening market aiming for 114 yen
(2)If it cannot break either side of the range-bound zone 112.95 = 113.25 and ends in a mid-range zone, the development from tomorrow onward will be determined by the zone that breaks
(3)If it decisively breaks below the range-bound zone 112.95 = 113.25, this week will feature a step-by-step movement in the 112 yen area
If there is a breakout, we consider it to be the (3) pattern with about 70% likelihood of breaking below.
<12/6 Tokyo Dollar-Yen Analysis Diagram>
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