Midweek outlook
This week there are various pairs with decent movement and volatility, including both moving back and forth. There are also corporate earnings announcements, so stock prices are moving as well.
Regarding USD/JPY, it is now in a perfectly suitable standby position. If the market moves as per the method, both sides could move about 100 pips.
Please refer to the pairs marked with a circle.
The target landing point for this week's monthly chart is roughly around 150 yen for taking profits, but the daily chart seems to come down first around 149.050, so there is a possibility that from around 148.800 to around 150 yen there will be movement. If it breaks downward, the trend will be bearish, and it may head to 146.500.
Make sure to watch the important points properly.
Well then,
these are the currency pairs based on this week’s 503 method.
NZDJPY AUDJPY CADJPY USDJPY EURJPY CHFJPY GBPJPY | 〇 〇 △ 〇 △ △ △ | AUDCHF CADCHF AUDUSD NZDUSD AUDCAD AUDNZD | △ × 〇 〇 〇 〇 | EURGBP EURCHF EURUSD EURCAD EURAUD EURNZD | 〇 〇 △ × × △ | GBPCHF GBPCAD GBPAUD GBPUSD GBPNZD USDCHF USDCAD | 〇 × × × × × × |