1/14 Tokyo USD/JPY exchange rate trading points
I noticed yesterday's article from 1/13 somehow wasn’t uploaded.
I just uploaded it so the postings won’t break the sequence.
＜1/13 USD/JPY Results＞
Tokyo range: 114.41=70, New York range: 114.00=37
Yesterday in Tokyo, the key point was whether the daily chart could break above the 114.80-114.85 level, and the outcome was (1) pattern “(1) failed to surpass the daily chart point 114.80-114.85, or showed no challenge, ending with a range-bound around 114.45=85”
which was correct.
However, looking at New York, instead of the expected rise, a technical and ideal “bottom point zone” 113.85=114.00 test moved ahead, creating the opposite sequence.
＜1/14 Tokyo USD/JPY Key Point＞(as of 8:20)
1/14 Tokyo did not manage to push through firmly in New YorkThe key point is whether the rebound follows from attacking the “bottom point zone” 113.85=114.00.
There are three possible development patterns,(2) Pattern is plausibleto consider.
（1）The breakout above the resistance of the future “monthly point zone” 114.20=30 and a rebound from a “bottom test” becomes realized. Expected range: 114.10=45
（2）The strong resistance at the “monthly point zone” 114.20=30 leads to a rather choppy movement within the range between the “bottom zone” 113.85=114.00. Expected range: 114.00=30
（3）Even in Tokyo, the “bottom test” is realized but there is no rebound, resulting in a range bound between the “monthly point zone” 114.20=30. Expected range: 113.85=114.15
