12/22 Tokyo Dollar-Yen exchange rate trading points
＜12/21 Dollar/Yen Results＞
Tokyo range: 113.56=77, New York range: 113.68=114.22
Yesterday, 12/21 Tokyo forecast:
"The key point is whether price can rise to the upside attempt from the lower limit zone 113.35=55 as the bottom to the upper limit zone 113.90=114.05 as the top."
(1) The upside attempt of the upper limit zone 113.90=114.05 is realized. 113.60=90 range
(2) Resistance band 113.65=75 forms a wall with little movement. 13.50=75 range"
Tokyo expected (1) pattern, but the pattern (2) hits the bullseye.。
In New York, pattern (1) was realized, leading to a strong rise up to 114.22.
＜12/22 Tokyo Dollar/Yen Outlook＞
Tokyo, in line with this week's analysis in New York, saw a rise up to the “expected upper limit zone” of 113.95=114.40.
Since breaking above this zone is unlikely, a retreating pullback is expected,and the key point is whether it can be supported at the lower limit zone 113.95=114.05.
However, we consider 80% support, so two patterns are anticipated below.
(1) The lower limit zone 113.95=114.05 continues its downside attempt with a small-range sideways movement
(2) It is supported at the lower limit zone 113.95=114.05, and develops an upside attempt in the upper limit zone 114.35=45; we expect 70% of this ideal development.
＜12/22 Tokyo Dollar/Yen Analysis Diagram＞
× ![]()
