Translate the below html to English, keep format html, the result is not in markdown code and not break line, convert standard decode before translate: 12/13ドル円152.727のレンジの壁を破って上昇するか？ Translation: Will USD/JPY break above the 12/13 range wall of 152.
Dollar/Yen 15-minute chart
When I wake up at 5 a.m. and look at the one-hour chart that I left on
I think, “The dollar is strong~. Oh? Is this a W-bottom forming and rising~?”
I ended up thinking that
It seems like there could be a retest jump with a slight pullback
The orange line is the Fibonacci 0.382
On the hourly chart, a wide range market
Since the GMMA is turning up, it’s a crucial point whether the range breaks upwards
On the four-hour chart, a retracing range within an uptrend
I feel a strong resistance near the red line around 151.9 below
I’d like a trigger to break out of the range
How about the Bank of Japan Outlook Report at 8:50 this morning?
Seems subtle
FOMC could also cut rates
Switzerland unexpectedly cuts rates sharply
ECB cuts rates for the three meetings in a row, lowered by 0.25 percentage points to 3%
Meanwhile, in the United States
The November U.S. Producer Price Index (PPI) rose 0.4% month over month,
accelerating contrary to market expectations.
However, the components used to calculate the personal consumption expenditures (PCE) price index favored by U.S. policymakers overall show slowing growth.
Initial jobless claims rose to a two-month high.
The more stable four-week moving average also increased.
Continuing claims have been near a near two-month high for almost two months,
and are hovering near levels not seen in three years,
indicating the duration to find new jobs is lengthening.
If the dollar/yen rises
with FOMC cutting rates and the BOJ raising rates (which many do not expect)
it feels like a heavy drop could occur
Just a fantasy though......
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