3/18 High-earning side job: FX investment
＜Result for 3/17 USD/JPY＞
Tokyo range: 118.60=119.02, NY range: 118.37=84
The view on 3/17 for the USD/JPY is
‘... Will you confirm the ceiling at 119.00-05 as a wall, or when the upper tube edge becomes a wall
it is essential to participate in selling according to the rules.
Whether it continues to fall or tries for the upside again is judged by whether the daily low at 118.80-85 can be supported’
, but
Tokyo moved as expected, forming a wall at the ceiling point and declining.
The decline could not be supported at the daily low 118.80-85, and Tokyo continued to fall to 118.60,
NY moved sharply to 118.37 as the basic development of “testing the ceiling and reversing.”
＜Development for 3/18 Tokyo USD/JPY＞ (as of 8:20)
For USD/JPY in Tokyo, it will depend on whether the decline ends with (1) a close above the weekly point at 118.55-60, or (2) a break below and close below,
which will determine the market flow from Europe and the US.
(If (1), after Tokyo close, from Europe the upward flow aiming for the 119 yen ceiling point will continue.
If (2), from Tokyo time onward, further corrective decline will progress, with selling leading toward the maximum “monthly point” 118.20-25..
However, if the decline halts at the intermediate resistance band 118.35-40, there remains a possibility of a rise from Europe and the US in the dollar.
Pay attention to the “monthly point” 118.20-25.
＜Analysis diagram for 3/18 Tokyo USD/JPY＞
× ![]()
