1/7 Tokyo USD/JPY exchange rate trading points
＜1/6 Dollar/Yen Results＞
Tokyo range: 115.79=116.18, NY range: 115.63=95
Yesterday's forecast turned out completely opposite.
However, from the weekly analysis chart for Tokyo on 1/6, the progression of price action in Europe or NY, the “bottom-testing” of the “Bottom Red (2) line” was an ideal flow as it stood.
The fact that there was no breakdown of the “Resistance Band” shows there is still insufficient strength.
As a result, Tokyo's “bottom-testing” ended midway, but Europe and NY both realized thorough “bottom-testing” twice.
However, the rebound from there hit a wall at the “Resistance Band” 115.75=95, so the key point for Tokyo on 1/7 is whether it can break above, or if it ends with only minor movement with the wall present.
＜1/7 Tokyo Dollar/Yen Key Point＞ (as of 7:40)
Tokyo's progression has two patterns, considering it a “range-bound zone”The key point is whether it can break above the “Resistance Band” 115.75=95.
Originally, in Tokyo there is a “bottom-testing” toward the upper edge of the “Bottom Red (2) line” 115.60-65, and a rebound from there would be ideal, but this time it is considered difficult.
（1）Break above the “range-bound zone” 115.75=95 and move toward the daily point 116.20-25.
（2）End while still in the “range-bound zone” 115.75=95.
＜1/7 Tokyo Dollar/Yen Analysis Chart＞
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