3/8 The easiest way to profit from FX as a side job online
＜Results for 3/7 USD/JPY＞
Tokyo range: 114.85=115.13, NY range: 115.21=47
Tokyoshifted as expected into a “yen-selling in all-out trend”phase.
However, it did not become a selling-driven move; instead it became a test of the “ceiling point” at 115.05-10, turning out opposite to the assumed development.
Thus, Tokyo formed a wall at the daily close points 115.10-15, continuing at 115.05-15, and from Europe there was a continued test of the “ceiling point zone” 115.35=60 as the ceiling test.
And as expected, it acted as a wall and returned to Tokyo.
＜3/8 Tokyo USD/JPY Development＞(as of 8:20)
In Tokyo, will it move up to the upper limit seen as the “ceiling point” 115.35-40 and fall, or not stop there and advance to the “second ceiling point” 115.55-60 before falling?
Furthermore, three possible scenarios are imagined depending on whether the decline is supported or breaks below the monthly point of 114.95-00.
The expected pattern is pattern (2).
(1) The ceiling test advances to the “limit zone” 115.55=70, acts as a wall there and falls.
Envisioned range: 115.20=60
(2) The ideal ceiling test ends at the “first ceiling point” 115.35-40, forming a wall and concluding with little movement.
Envisioned range: 115.15=40
(3) The ceiling test leads, but at the “first ceiling point” 115.35-40 a wall forms and a full decline ensues.
However, Tokyo would still stop within the “decline limit zone” 114.85=115.00.
Envisioned range: 114.90=115.35
＜3/8 Tokyo USD/JPY Analysis Diagram＞
× ![]()
