The market environment is a very harsh development! Can the dollar/yen upside attempt continue?

Dollar/Yen is closing while保持ing the high in June area

and is moving to reattempt the upside.

However, it has not been able to reach the 111 yen level

making the risk high to buy with hopes of higher prices.



Click to enlarge


★Dollar/Yen Long-Term Strategy: Sell into the spike in June early!


Looking at the weekly chart since 2015, long-term resistance and support lines

are about to intersect, and the resistance line has been in focus since 2015

while the support line from 2012 has been held,

but from February to April this year they broke below and actions have been observed.



Looking at USD/JPY alone, there was a downside break but it has rebounded

and it seems there is a growing expectation for a breakout to the upside?



Considering this year's market movement in terms of US and Japan stock prices and cross yen, and thinking about USD/JPY toward year-end...



This year, the market moved after the February plunge in US stocks

and although US stocks temporarily steadied and attempted a rebound, by this weekend

the Dow has fallen below its 200-day moving average for the first time in years

and if the Nikkei Stock Average clearly breaks below 22,000,

and there is a significant decline, and looking at the yearly movement,

the first half is an introductory movement, with a resurgence of the decline starting in the second half.



Therefore, if stock prices fall, USD/JPY upside cannot be expected.



Cross yen is losing momentum sharply due to the decline in the dollar/yen,

and currently it is suppressing the upside of USD/JPY.



Therefore, setting aside fundamentals, a change in the current situation of US/Japanese stock prices and cross yen

would finally make USD/JPY upside breakout visible.



★Popular EA & newsletter: Get it! Campaign when you open an account!


The trading signals with indicators introduced here are this!
★Indicator with trading signals: Ask Ultimate MAX / Shadow Trader – Easy Trade

Right now, the highly popular Battle Zone Trade indicator is a gift!