Targeting a return-sell around 149.113 for USD/JPY at 3/20
Good morning
“I will look up to the Bank of Japan” That was a nice fantasy
After that, I expected a decline
“Decline due to Governor Ueda's hawkish statements” Indeed it declined, but
this was Turkey's situation, wasn't it
The main event was still the FOMC by the chief
From here, it would drag the loss-cutting of the long positions that had accumulated
and further decline?
whether it would rebound supported by the rising trendline
It fell so sharply that a rebound may come for a while
It is stopping supported by the red rising trendline
The black 20 MA has started to head downward
Momentum slightly pushes the trendline beyond
I included the expected movement
There is a resistance at 149.167 above
Below at 148.195
Will the range between these two hold for a while?
“I will look up to the Bank of Japan” That was a nice fantasy
After that, I expected a decline
“Decline due to Governor Ueda's hawkish statements” Indeed it declined, but
this was Turkey's situation, wasn't it
The main event was still the FOMC by the chief
From here, it would drag the loss-cutting of the long positions that had accumulated
and further decline?
whether it would rebound supported by the rising trendline
It fell so sharply that a rebound may come for a while
Chart Analysis
This is the 4-hour chart
It is stopping supported by the red rising trendline
The black 20 MA has started to head downward
This is the 1-hour chart
Momentum slightly pushes the trendline beyond
I included the expected movement
There is a resistance at 149.167 above
Below at 148.195
Will the range between these two hold for a while?
This is the 15-minute chart
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