Everyone loves USD/JPY
Hello. The lingering late-summer heat continues, how are you spending your days?
As usual, we bring you the analysis and strategy for USD/JPY.
【This time as well, we will post the same introductory note as before.】
Regarding this week’s analysis and strategy for "Everyone Loves USD/JPY," we plan to publish it going forward as a paid version of theserial articleseries.
(In the past, some readers purchased the serial articles during a one-month trial, so this responds to that.)
Until now, all serial articles could be viewed for free, but there are still important articles that can be read for free.
This"Everyone Loves USD/JPY"will be published with a one-month free trial, or for those who purchase the serial articles for one month. (It will be available to purchase as a standalone article.)Content focused on USD/JPY analysisasa paid version with one post per week, orupdates will be delivered irregularly as needed.
※ In this analysis dedicated to "USD/JPY," the product"503 Methods [Easy 100 pips for busy people (omitted)]"uses a different method,looking across all timeframes and the overall market trend to track the USD/JPY movement.
After a quick look back at last week, let’s examine this week’s movement of USD/JPY (August 17–23) on a chart.
Review:
Last week, price moved up to the WEEKLY resistance area. That area marked the high, then it declined.
(I wrote that at the WEEKLY level.)
I expect the white target around 148.540. Normally, there would be a rebound here, but since there is also a green value at 148.770 on the DAILY chart, there may be multiple rebounds to watch for.
The weekly high is, in general, near the upper Bollinger Band (around 149.260).
MACD shows a bearish cross, so 148.540 may be the high there. We should watch whether another sharp drop occurs. (That’s what I wrote.)
(I wrote that at the MONTHLY level.)
The MACD shape looks weak, so it doesn’t seem to be forming a chart that would go higher, but I think it’s possible to briefly surpass the high around 150.750 once more. If it falls, I expect it to target 145.343.
Last week’s high was around 148.550, but the low did not reach 145.340. It moved within the 146.320 low range.
Weekly trend
Last week’s movement was down to around 147.350, up to around 148.550, then down to 146.320. (Opening value was about 147.700.)
Now, let’s look at this week’s (August 17–23) USD/JPY movement together on the chart.