Hokutosei's Practical Forex Trading：Yen selling accelerates following Bank of Japan interest rate decision.Maintain previous day's overnight position
■Position changes and signs - March 19, 2024
In the morning in Tokyo (until 1300 pm), the yen weakened across the board and the dollar strengthened. 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. The yen weakened against the dollar at the close in New York.
The intraday balance remains unchanged from the overnight position up to the previous day.
Yen selling accelerates following Bank of Japan interest rate decision.
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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＠150.87)
Downside support-149.77 Rising confirmation points-150.22
■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＠1.0865)
Decline confirmation point-1.0851 Return resistance-1.0860
■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＠1.2720)
Decline confirmation point-1.2693 Return resistance-1.2708
■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＠0.6531）
Decline confirmation point-0.6528 Return resistance-0.6541
■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＠163.93）
Downside support-162.78 Rising confirmation points-163.25
■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＠191.91)
Downside support-190.62 Rising confirmation points-191.21
■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＠98.54）
Downside support-97.99 Rising confirmation points-98.23
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