5/19 The USD/JPY has reached a critical turning point!
Tokyo range: 128.95=129.45
New York range: 128.01=129.13
5/18 Tokyo analysis: “There is flow toward the side that breaks the wide ‘divergence zone’ 129.15=60, and (2) because of the wide ‘divergence zone’ 129.15=60, this zone is likely to end in consolidation. If it declines, the bottom zone could reach 128.90=129.10, but the realization in Tokyo is not expected.”
5/18 Tokyo analysis: “There is flow toward the side that breaks the wide ‘divergence zone’ 129.15=60, and (2) because of the wide ‘divergence zone’ 129.15=60, this zone is likely to end in consolidation. If it declines, the bottom zone could reach 128.90=129.10, but the realization in Tokyo is not expected.”
As a result, it fell to the “lower limit zone” 128.90=129.10, found support, and buyers returned, but at this point the downtrend of the dollar had been decided.
As anticipated, from Europe,last night’s “limit zone” dropped sharply to 128.00=25.
As anticipated, from Europe,last night’s “limit zone” dropped sharply to 128.00=25.
Therefore, even in the decline phase,as depicted, it was easy to take profits from the wide spread.
＜5/19 Tokyo USD/JPY outlook＞(as of 8:20)
Because in New York the first “lower limit zone” fell to 128.00=25, Tokyo will also find support at this “lower limit zone” and enter a pause in the range, or will it break down and aim for the next bottom around 127.50? The assessment is simply whether it is supported or breaks down at the “divergence zone” 128.00=25.
＜5/19 USD/JPY analysis diagram＞
5/19 “analysis diagram”
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