4/28 The Best FX Trading as a Side Hustle Online
＜4/27 USD/JPY Results＞
Tokyo range: 127.23=128.10, New York range: 127.92=128.60
Yesterday, although the plan was not a sharp decline but to test the bottom, we started with an upside breakout from the zone considered as the upper limit from the Tokyo open.
Moreover, the breakout yesterday went beyond the “bottom zone” 127.40=70, which we had deemed unlikely, resulting in a complete miss.
It was exactly “the pride comes before a fall.”
Moreover, the breakout yesterday went beyond the “bottom zone” 127.40=70, which we had deemed unlikely, resulting in a complete miss.
It was exactly “the pride comes before a fall.”
＜4/28 Tokyo USD/JPY Outlook＞
With the forecast off, the market became surprisingly clear.
In Tokyo, we will watch whether the “monthly point zone” 128.35=70 breaks to either side; whether it breaks or stalls within that zone is all we need to monitor.
Since the lower edge is supported by the daily point 128.30-35, it is more precisely the “128.30=70 zone.”
(1) If the “consolidation zone” 128.30=70 breaks upward, we anticipate a ceiling up to around 129.25-30.
In Tokyo, we will watch whether the “monthly point zone” 128.35=70 breaks to either side; whether it breaks or stalls within that zone is all we need to monitor.
Since the lower edge is supported by the daily point 128.30-35, it is more precisely the “128.30=70 zone.”
(1) If the “consolidation zone” 128.30=70 breaks upward, we anticipate a ceiling up to around 129.25-30.
Excluding the upper limit, a breakout of this zone would mark the start of a move toward 130.00 tonight and next week.
(2) If the “consolidation zone” 128.30=70 remains in consolidation and breaks into the next week.The path will be either toward 130 in a push, or a back-and-forth around 129; the direction will be judged based on tonight’s development.
(3) If the “consolidation zone” 128.30=70 breaks downward, the market would aim toward the lower limit zone 127.80=90 as the consolidation continues into next week.
In this scenario, from next week onward, the market would continue with a stronger corrective phase, and the determination of whether it resumes upward or re-enters a strong corrective phase will depend on
the market action on 5/2 next week.
＜4/28 Tokyo USD/JPY Analysis Diagram＞
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