Hokutosei's Practical Forex Trading：Maintain previous day's overnight position.The BOJ has limited room for monetary tightening.
■Position changes and signs - March 15, 2024
The dollar is strong in the morning in Tokyo. As European time approaches, the yen weakens across the board and the dollar strengthens. From New York to London, the yen weakened across the board and the dollar strengthened. At the close in New York, the yen weakened across the board and the dollar strengthened.
For the daily balance, there is no change in the overnight position up to the previous day. *Aussie Yen Selling 97.61 has been cancelled.
The Bank of Japan has limited room for monetary tightening.
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■USD/JPY
3/12－BUY＠146.90
3/05－SELL＠150.11
3/04－BUY＠150.43
2/29－SELL＠150.55
2/21－BUY＠150.16
2/20－SELL＠150.01
(LAST＠149.06)
Downside support-148.47 Rising confirmation points-148.73
■EUR/USD
3/14－SELL＠1.0935
3/13－BUY＠1.0928
3/11－SELL＠1.0941
3/01－BUY＠1.0834
2/28－SELL＠1.0845
(LAST＠1.0888)
Decline confirmation point-1.0883 Return resistance-1.0889
■GBP/USD
3/14－SELL＠1.2787
3/13－BUY＠1.2795
3/11－SELL＠1.2836
3/04－BUY＠1.2660
2/28－SELL＠1.2674
(LAST＠1.2735)
Decline confirmation point-1.2739 Return resistance-1.2746
■AUD/USD
3/14－SELL＠0.6613
3/13－BUY＠0.6618
3/11－SELL＠0.6606
3/06－BUY＠0.6505
3/05－SELL＠0.6510
(LAST＠0.6560）
Decline confirmation point-0.6564 Return resistance-0.6571
■EUR/JPY
3/12－BUY＠160.67
3/05－SELL＠162.90
3/01－BUY＠162.71
2/29－SELL＠163.00
2/26－BUY＠163.02
(LAST＠162.31）
Downside support-161.58 Rising confirmation points-161.89
■GBP/JPY
3/12－BUY＠188.71
3/05－SELL＠190.59
3/04－BUY＠190.00
2/29－SELL＠190.50
2/16－BUY＠188.85
(LAST＠189.84)
Downside support-189.14 Rising confirmation points-189.47
■AUD/JPY
3/12－BUY＠97.26
3/08－SELL＠97.66
3/06－BUY＠97.78
3/05－SELL＠97.92
3/01－BUY＠97.69
(LAST＠97.79）
Downside support-97.53 Rising confirmation points-97.70
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