Everyone loves USD/JPY
Hello. We’ve just entered the Obon week, and as always we will deliver analysis and strategy for USD/JPY.
【We will also publish a note at the top this time, as we did last week.】
Regarding the weekly analysis and strategy content of this issue’s “Everyone Loves USD/JPY,” going forwardas a paid version of a serialized articlewill be published.
(Because in the past, some readers purchased a one-month trial of the serialized articles, this is in response to that。)
Until now, all serialized articles were available for free, but even now, important articles are still readable for free.
This“Everyone Loves USD/JPY”will be published with a one-month free trial or for purchase of the serialized articles for one month. (We will also offer them as standalone articles for purchase.)Content focused on USD/JPY analysisasa paid version with a weekly post, orupdated irregularly as neededto be delivered.
※ For this USD/JPY–specific analysis, it uses a different method from the product on sale“503 Techniques【Easy 100 pips for busy people (excerpt)】”and looks across all timeframes and the overall market trend to track the USD/JPY movementwith a view to all timeframes and the overall market flowinstead of that method.
Briefly review last week, then look at this week’s USD/JPY movement (August 10–16) on the chart.
Recap:
Last week, after the market opened, the price continued to fall and reached the point to watch when it’s falling, which I mentioned in the 4H chart.
(I wrote this in the 4H section.)
Right now, it’s a key level to watch, and because the MACD’s blue line is a bit long, there’s a possibility of further downside even if it retraces upward, or it may not rise much and continue to fall, and the range may persist for a while with a potential return near the 1H cloud (as seen in the 1H chart).
Last week, as the market closed, it stayed within a range and retraced, returning close to the opening price.
Weekly flow
Now, let’s look at this week’s USD/JPY movement (August 3–9) together based on the chart.