1/13 Tokyo USD/JPY exchange rate trading points
<1/12 USD/JPY results>
Tokyo range: 115.23=41, NY range: 114.38=115.45
Yesterday's forecast was,
『”Consolidation zone” 115.15=60 small movement ends at 80%.
From an investment perspective, selling in the "upper range" is less favorable than participating in the selling when the price breaks below the "consolidation zone," as the decline accelerates and profits are easier to lock in.
However, from the European session it was possible to expect, but there was no breakdown during Tokyo time』
Tokyo's result ended with unexpectedly small movement.
However, since the resistance band 114.40=50 formed a strong wall, I joined in the selling here.
Then, during European time it was range-bound, but in NY time,the expected fall to the bottom target zone's upper part 114.35=50 was realized,and a large, easy spread captured.
At the same time, at this point, the result realized was as forecast in this week's report,even more perfect than last week's reportand completed.
With that, the weekly report's main purpose is largely finished, sodownload the weekly report and confirm the analysis contents without truth distortion。
<This week's weekly report (1/11–14) released>
<Ⅰ/13 Tokyo USD/JPY outlook>(as of 8:20)
Tokyo is approaching from the reverse direction of NY, aiming from the “bottom zone” 114.35=50 to the “upper zone” 115.40=55, and the key is how far this rebound will reach.
Key point is whether it can break above the daily chart level 114.80-85.
(1)Cannot break above daily level 114.80-85, or even attempt is absent, ends in consolidation around 114.45=85
(2)Breaks above daily level 114.80-85 but lacks upside, ends around the next daily level 115.20-25
<1/13 Tokyo USD/JPY analysis diagram>
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