3/3 Successful USD/JPY buy/sell points for side jobs
<3/2 USD/JPY results>
Tokyo range: 114.79=115.18, NY range: 115.26=69 3/2 USD/JPY is a day when the market’s important bottom-zone was tested, so will the result on today’s 3/2 Tokyo session decide a further decline into the 113 yen area,a critical moment where price may rebound once toward the upper 115s before resuming the decline…
<3/3 Tokyo USD/JPY development>(as of 8:20))
3/3 Tokyo USD/JPY is focused on whether the up-move that began yesterday can continue. Tokyo’s ideal upper bound is the “ceiling zone” 115.85=116.00, butthe key point is whether it can rise to the front “weekly point zone” 115.60=75before closing. If it rises to this zone and closes there, a wall at the 116.00 level from Europe becomes likely, leading to either a corrective decline or a continuation up to the ceiling point at 116.40 without a retrace. First, today’s 3/3 Tokyo session: can it rise to and close above the “weekly point zone” 115.60=75, or will it hit a wall and trigger an early corrective move during European hours?
<3/3 Tokyo USD/JPY analysis diagram>
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