3/25 The immediate real demand for dollars could push USD/JPY up, with attention on the dollar’s upside potential due to tariffs
Good morning
The dollar is strong, isn’t it~
Last night’s data release accelerated the rise in USD/JPY
U.S. [US] Manufacturing Purchasing Managers' Index (PMI, flash) (March) [52.7]
Forecast: 51.8
Actual: 49.8
【US】 Services PMI (PMI, flash) (March) [51.0]
Forecast: 50.8
Actual: 54.3
The services that support U.S. consumption still seem strong
It’s breaking through weekly Pivot R1 and aiming for R2, showing strength
R2 is 151.183; corrected, I made a mistake
Pivot tends to move to R2 once it breaks R1
What about today?
150.243 overlaps R1 and the support/resistance line
I feel a barrier
From a GMA perspective, there is a strong upward trend
Will it pull back to form a pullback after breaking the red 150.506?
The dollar is strong, isn’t it~
Last night’s data release accelerated the rise in USD/JPY
U.S. [US] Manufacturing Purchasing Managers' Index (PMI, flash) (March) [52.7]
Forecast: 51.8
Actual: 49.8
【US】 Services PMI (PMI, flash) (March) [51.0]
Forecast: 50.8
Actual: 54.3
The services that support U.S. consumption still seem strong
Today’s Chart Analysis
Four-hour chart
It’s breaking through weekly Pivot R1 and aiming for R2, showing strength
R2 is 151.183; corrected, I made a mistake
Pivot tends to move to R2 once it breaks R1
What about today?
150.243 overlaps R1 and the support/resistance line
I feel a barrier
One-hour chart
From a GMA perspective, there is a strong upward trend
Will it pull back to form a pullback after breaking the red 150.506?
Fifteen-minute chart
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