4/7 FX trading information as a side business
＜4/6 USD/JPY Results＞
Tokyo range: 123.58=124.05, NY range: 123.46=93
Yesterday, over the next three days up to tomorrow, one of the market trends was deemed decided.
1) Either there will be a prior adjustment phase down to around 120 yen
2) Or this will start the second step aiming for 130 yen in July as is, continuing as is
The verification points on the first day of 4/6 were two in number.
(A) Whether Tokyo can end above the monthly point 123.45-50, which serves as a “branch point.”
(B) Whether it can drop below 123.45-60, ending in the lower zone 123.20=35 in a range.
The result was (A),creating the flow toward 130 yen and clearing the first verification point..
(A) Whether Tokyo can end above the monthly point 123.45-50, which serves as a “branch point.”
(B) Whether it can drop below 123.45-60, ending in the lower zone 123.20=35 in a range.
The result was (A),creating the flow toward 130 yen and clearing the first verification point..
＜4/7, Day 2 Verification Points＞
The verification points for day 2 were two in number.
(1) Whether the monthly point 123.55-60 can be developed above
(2) Whether an upper breakout of the resistance band 123.90=124.10 can be realized
(1) Whether the monthly point 123.55-60 can be developed above
(2) Whether an upper breakout of the resistance band 123.90=124.10 can be realized
(A) If (1) is realized, the strong dollar-buying ahead trend will be maintained, and the trend toward 130 yen will continue.
Worst case, if it falls to the “bottom point zone” 123.10=30, if supported, there is still a possibility remaining.
(B) If (2) is realized, the trend toward 130 yen is 70% decided.
Furthermore, if this week ends with a complete break of the weekly point 124.30-35, 80% will be confirmed.
＜4/7 Tokyo USD/JPY Development＞ (as of 8:20)
Yesterday, the forecast for development itself was treated as a correction phase and was wrong.
The breakout of yesterday's high point exceeded expectations.
Today's development has three possibilities.
Today's development has three possibilities.
(1) Break above the “branch zone” 123.90=124.10 and head toward the weekly point 124.30-35 for a continued rise.
(2) The “branch zone” 123.90=124.10 acts as a wall, hovering at high levels
(3) The lower-bound point 123.55=60 makes a test of the downside ahead of time, but ends with support
＜4/7 Tokyo USD/JPY Analysis Diagram＞
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