4/8 USD/JPY is the day when the outlook for the next two months will be decided!
＜4/7 USD/JPY results＞
Tokyo range: 123.47=84, NY range: 123.76=124.00
Tokyo started with selling pressure,
Development pattern (3) ‘(3) "lower limit point" 123.55=60’ is tested to the downside, but there was support…’
In the end, it was bought back up to the daily low point of 123.70-75.
As a result, from Europe today it reached the upside test of the “resistance band” 123.95=124.15, which is the third verification point.
Development pattern (3) ‘(3) "lower limit point" 123.55=60’ is tested to the downside, but there was support…’
In the end, it was bought back up to the daily low point of 123.70-75.
As a result, from Europe today it reached the upside test of the “resistance band” 123.95=124.15, which is the third verification point.
＜4/8, third day verification point＞
Early in the morning, surprisingly the price surged past the “resistance band” to set today’s “branching zone” at 123.95=124.15,
and is now hovering in the 124.10=15 zone.
The unexpected tailwind movement seems to be following Joitech’s analysis.
In practice,after the Tokyo open, attention is on whether it can break above the “branching zone” of 123.95=124.15..
If realized, as written in yesterday’s article,
‘(B) if (2) is realized, the flow aiming for 130 yen is 70% decided.
Moreover, if the complete break of the weekly point 124.30-35 occurs within this week, 80% probability’
and is now hovering in the 124.10=15 zone.
The unexpected tailwind movement seems to be following Joitech’s analysis.
In practice,after the Tokyo open, attention is on whether it can break above the “branching zone” of 123.95=124.15..
If realized, as written in yesterday’s article,
‘(B) if (2) is realized, the flow aiming for 130 yen is 70% decided.
Moreover, if the complete break of the weekly point 124.30-35 occurs within this week, 80% probability’
＜4/8 Tokyo USD/JPY development＞ (as of 8:20)
The expected developments are three patterns below, but due to the early morning rise, it seems to move toward either (1) or (2).
(1) Break above the “resistance band” 123.95=124.15, reaching the upside test of the weekly point 124.30-35
(2) Unable to fully break the “resistance band” 123.95=124.15, and remain within the range, finishing the week without breaking
(3) The “resistance band” 123.95=124.15 acts as a wall, causing a drop to the daily low of 123.70-75 and closing the week
(1) Break above the “resistance band” 123.95=124.15, reaching the upside test of the weekly point 124.30-35
(2) Unable to fully break the “resistance band” 123.95=124.15, and remain within the range, finishing the week without breaking
(3) The “resistance band” 123.95=124.15 acts as a wall, causing a drop to the daily low of 123.70-75 and closing the week
＜4/8 Tokyo USD/JPY analysis diagram＞
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