Euro/JPY bullish sell signal hit! The next drop could target a break of the most recent support

The euro market has become a bold rebound rally, but

to the yen it has risen to the 130 range, but on a weekly basis

the upper shadow indicates endings, closing in the 128 range

in the near term, the range is 132 to 124.



In the previous strategy article, it rose above 130 but subsequently fell to the 124 range

and as the decline signaled overbought conditions at the bottom, there was ample room for profit-taking

as expected by the strategy, but last week there was a sharp rebound around 130

whether it will again become a selling area or turn upward remains to be seen.



Click to enlarge


Ask Ultimate MAX Weekly: the sell signal continues, and as long as the 130 range in the low

yen area holds, the downside could widen.

Click to enlarge


Ask Ultimate Shadow: on the four-hour chart, the point that surged last week

has become the top for the moment, with the 130 yen area in focus and being tested.



As the summer trading period ends and overseas players enter more seriously

the environment becomes more prone to rapid price moves, changing from a volatile to a more active environment

so it is worth keeping in mind such changes in the environment.



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