President Ueda's Christmas present?
Fortunes for early next week
It's a rise after breaking the red line as a W bottom forms
Longs are the theory here
However, when viewed on a 1-hour chart
it seems the price could be held down by the black 25 MA line
Additionally, a quiet market is expected,
and the orange zone range might continue for a while?
Moreover, large players may short and hunt retail
to lure in traps
Furthermore, to rise further, a pullback would be desirable
Recently, Bitcoin has shown correlation with EUR/USD,
so watching Bitcoin's price movements during the holiday period
suggests a temporary pullback may occur
If it rebounds near 152.2, I will target a short-term long
On the 25th, Ueda-sama's remarks at the Japan Business Federation meeting are scheduled
If the zone is broken and yen weakens by that day
there may be verbal intervention
Therefore
I will consider closing longs by 10:00 AM on the 25th
The orange line is just an image
If verbal intervention causes the dollar/yen to fall
I will view it as a Christmas gift from Ueda-sama and aim for a long position
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