3/7 Profitable USD/JPY trading points for side business
＜Result for 3/4 USD/JPY＞
Tokyo range: 115.25=56, New York range: 114.65=115.45 For 3/4, the analysis stated, “On 3/3 Tokyo, flows would move toward those who break the daily-chart point around 115.40-45, but the overall development is a small movement in a corrective market.” However, the daily-point was broken below in Tokyo time, forming Pattern (1). Meanwhile, in New York, as tensions in Ukraine intensified, the price broke below the resistance at 115.20-25, resulting in a much larger decline than expected.
＜3/7 Tokyo USD/JPY Development＞ (as of 8:20)
On 3/7 Tokyo opens below the “upper zone” of 114.95=115.15, and the key point is whether a new market sentiment of a “dollar-selling ahead” can be established. We see an 80% chance of turning into a “dollar-selling ahead” market. The essential point is whether Tokyo can be supported further at the resistance zone 114.65-70, ending in a range around 114.65=95, or whether it breaks below and continues to fall to the “resistance band” of 114.15=40.
＜3/7 Tokyo USD/JPY Analytical Diagram＞
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