2/16 Tokyo USD/JPY exchange rate trading points
＜Results for 2/15 USD/JPY＞
Tokyo range: 115.25=55, New York range: 115.58=88
2/15 Tokyo remained in a state of strong resistance band at the “monthly and weekly point zone” 115.60=70 as a wall. There was a wall and a decline, but no break below the weekly point 115.30-35.
As a result, Tokyo hit almost exactly the pattern (2).
“(2) ‘branch zone’ 115.30=70 proscribed range to the downside in a tight trade
Assumed range: 115.30=55”
NY rose immediately after Tokyo closed due to reports of partial Russian troop withdrawal. Furthermore, indicators showed that the wall of the “monthly and weekly point zone” 115.60=70 was surpassed. Pattern: ‘(1) “branch zone” 115.30=70 breakout attempt, then sideways at the upper level
Assumed range: 115.50=70’
＜2/16 Tokyo USD/JPY outlook＞ (as of 8:20)
2/15 Tokyo’s downward move was halted and reset to the starting point, so Tokyo’s view remains the same.
Key point iswhether the wall at the “monthly and weekly point zone” 115.60=70 causes a dropThe possible scenarios are three.
(1) The wall at the “monthly and weekly point zone” 115.60=70 causes a decline, but the weekly point 115.30-35 provides support as the lower zone
Assumed range: 115.30=70
(2) The wall at the “monthly and weekly point zone” 115.60=70 does not form, and the subsequent weekly point 115.75-80 forms a wall, leading to a sideways movement in the high-price range
Assumed range: 115.60=80
(3) The wall at the “monthly and weekly point zone” 115.60=70 causes a drop, and further breaking below the weekly point 115.30-35 completes the downtrend
Assumed range: 115.05=70
＜2/16 Tokyo USD/JPY analysis chart＞
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