Dollar/Yen Adjustment Target (Target calculation based on assumed rate) (Point and Figure)
4-hour chart 0.02 box P&F chart
4-hour chart 0.05 box P&F chart
4-hour chart 0.1 box P&F chart (assumed rate)
After reaching 118.665 yen on 12/15, USD/JPY has entered a short-term consolidation phase.
As shown above, a downside signal appeared in the 4-hour 0.02 yen & 0.05 yen baseline points and figures.
The target for the 0.02 yen box has already reached 117.805 yen.
The target for the 0.05 yen box is calculated as 117.109 yen.
Here, assuming the 4-hour close falls below 117.6 yen
If you use this function to calculate the predicted downward target for the 0.1 yen baseline box, as shown above, the minimum value is calculated as 116.444 yen.
From the above, around 116.444 yen is expected as the downward target for this consolidation phase.
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