Dollar-Yen buy-the-dip: can you wait until 153.863?
USD/JPY 15-minute chart
It’s a waiting-for-pullback situation
In the short term, 154.391 is a key level, but a decline could also be anticipated if it breaks down
If it comes to about 153.863, I’d look to go long
However, last night while looking at the chart, at the point where the downward momentum was increasing, it was aggressively bought
the downside was restrained, and the area where it rose afterward is the purple zone
I sense big hands accumulating
it might rebound here
We also explain the big-player movements here
https://www.gogojungle.co.jp/tools/ebooks/55526?via=users_products
Looking at the 4-hour chart, it’s a breakout to the upside from a flag
Will it reach 156.9 after this? (No way~)
When viewed on the pivot line, around 153.534?
By the way
We are expecting a significant pullback followed by a rise tomorrow in the early hours for the FOMC
Trump declares victory
The U.S. presidential election was expected to be close,
and it might take a few days to confirm the winner
was the expectation, but in reality
it ended with Trump’s landslide victory.
In terms of vote margins in the close states,
the difference was larger than pre-election expectations. And
the Senate is also likely to be Republican majority,
the House of Representatives has not yet been decided, but
the momentum suggests the Republicans may take it.
As a simple reaction,
U.S. interest rates rise, dollar buys, cryptocurrency buys
and so on come to mind, but
the market will be moved by Trump’s statements,
a noisy market, so
it’s a situation to be careful about
There could be a buy on rumors and sell on facts as well
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