Translation (preserving HTML format, with decoding applied prior to translation): 3/25 Perfect Information for FX as a Side Job
<3/24 USD/JPY results>
Tokyo range: 120.96=121.74, New York range: 121.61=122.41
Yesterday in Tokyo the policy was to only participate in the trend by breaking the “divergence zone” 120.90=121.15.
Of course, the expectation is that participation is easy and the spread is large, and the ideal profit-taking target is a strong “resistance zone” 121.75=122.10 that includes two ceiling points, with the breakout.
Just as the day before yesterday, if you trusted the ideal scenario and joined, you could have bought around @121.25, and in Tokyo around @121.75, or if you swinged to New York, you could have taken profits in the 121.85=122.05 zone.
Yesterday in Tokyo the policy was to only participate in the trend by breaking the “divergence zone” 120.90=121.15.
Of course, the expectation is that participation is easy and the spread is large, and the ideal profit-taking target is a strong “resistance zone” 121.75=122.10 that includes two ceiling points, with the breakout.
Just as the day before yesterday, if you trusted the ideal scenario and joined, you could have bought around @121.25, and in Tokyo around @121.75, or if you swinged to New York, you could have taken profits in the 121.85=122.05 zone.
In short,in Tokyo you could capture 50 pips, and up to 85 pips toward New York.
The important thing is that it can be realized without stress, easily and simply.
Today I will also publicly share the daily follow-up for the “analysis illustration.” In particular this time, I added the New York range from last night 3/24 with a thick green line.
<3/25 Tokyo USD/JPY outlook>(as of 8:20)
New York, the anticipated “ceiling zone” 121.75=122.10 briefly broke to the upside, but since it gapped up from a range and then moved sideways, there was no new sell entry; instead, buying entries at the breakout continued.
New York softened from @122.41, but expectations are now in Tokyo.
But there is a major caveat.
If Tokyo opens and then falls to create the “ceiling zone” 121.75=122.10, a large corrective drop is likely.
If the breakout occurs early, no problem, but if there is no breakout in the morning and it fluctuates around the “ceiling zone” 121.75=122.10, pay attention to a sharp drop after 15:00.
As described above, Tokyo’s open level is very important for the day's development.
But there is a major caveat.
If Tokyo opens and then falls to create the “ceiling zone” 121.75=122.10, a large corrective drop is likely.
If the breakout occurs early, no problem, but if there is no breakout in the morning and it fluctuates around the “ceiling zone” 121.75=122.10, pay attention to a sharp drop after 15:00.
As described above, Tokyo’s open level is very important for the day's development.
(1) If Tokyo open is above the daily high at 122.25-30, the upside attempt triggered toward the ceiling point 122.55-60.
(2) If Tokyo open is at or below the daily high at 122.25-30, selling is favored.
(3) When Tokyo open is within the “ceiling zone” 121.75=122.10, as long as there is no breakout, always beware of a sharp drop. Selling on a breakdown is essential.
<3/25 Tokyo USD/JPY Analysis Illustration>
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