Before the Trump administration's birth, a range of 155.715 to 156.584 is anticipated - Morning market strategy - Raising profits from the turbulent market waves - - Navi+ - GogoJungle | Auto Trading - Market Analysis

Before the Trump administration's birth, a range of 155.715 to 156.584 is anticipated

This is the USD/JPY 1-hour chart
Rounding bottom forming and rising

Now, will it break through the 156.36 barrier and rise?

Even if it rises, around 156.584 will be a resistance

Even if it breaks, it might reverse and fall near 156.864?

Ahead of the Trump administration, it’s hard to take positions,

and the US market is also closed

So it may range between 155.715 and 156.584

Still within the descending channel

This is the USD/JPY daily chart

Last time when the Trump administration took office, it started with a drop

If the same happens this time

Near-term around 154.6

If it drops as before

I also expect a drop toward around 153.7

15-minute chart

The area above this line is displayed for free.

On Friday, the width of the bearish candle narrowed,

so I suggested a Cup with Handle formation

After that, it formed a Cup with Handle while pulling back

Now it has risen to the previous high; if following theory, it should retreat once

and then rise further

Or will it make a solid handle with a big drop?

I’m considering a short-term W-top forming and heading lower

Since the GMA is rising, it will likely stay in a range

Volatility around Trump administration

Tuesday the 21st, Japan time
2:20 Inauguration Speech
10:48 Live speech on a special program about the inauguration

What’s notable here is the content regarding tariffs

On Friday the 24th, when the Bank of Japan announces policy and rate hikes are expected

Will they be able to raise tariffs as promised?

It’s unlikely they will adopt a strong stance; it will probably be gradual?

That’s what I think

Looking at last Trump administration’s initial moves

On a daily chart, in the end, the yen appreciated by about 3 yen

Because of that, after inauguration, I don’t know which way it will move

Longs may take profits and stops could trigger selling

Anyway,
depends on Trump administration movements

I think BOJ rate hikes will also change accordingly

If USD/JPY rises after the administration’s launch, look to sell

If the dollar plunges on rate hikes, buy then