3/13 Half-price push and half-price pullback are formidable; it’s being conscious, isn’t it ~ today is ....

Good morning

Despite the weak CPI last night, the USD/JPY rose

It fell as if reaching a target around the 149 yen level

Yesterday's stream

Nice work
It really surged from 4 PM, didn’t it
The shape of a bottom long
Breaking through the 0.382 Fibonacci is strong ~
Next is 148.761
And will it reach 148.909～

There seems to have been intermittent buying, gradually rising

Will this buying continue today as well?

Chart analysis

4-hour chart

With the fib retracement halfway back, the long upper wick shows a strong bearish candle

That alone indicates downward pressure

Has the CPI effect ended and position adjustments buying finished

Still above the 20 MA

Short-term GMMAs are turning upward

1-hour chart

According to the Cup-With-Handle theory

Right now it is in the handle formation stage

We imagine a pink line since there is selling pressure

We don't know how the market will move, but

If it rises strongly again, we will switch to the Cup-With-Handle scenario

What about tonight ahead of the PPI?