Hokutosei's Practical Forex Trading－USD/JPY “Upward momentum decay”

■Position changes and signs - July 4, 2024

In the morning in Tokyo, the yen appreciated against the dollar. As European time approaches, the yen appreciates across the board and the dollar depreciates. From NY to London fix (25:00), the dollar is weak. The dollar weakened at the close in NY.

The dollar weakened throughout the day.

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■Current position

6/13－BUY＠156.75

(LAST＠161.27）

Decline confirmation point-156.35　Return resistance-156.74

Downside support-161.20　Rising confirmation points-161.42

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■Positioning record 2024

6/13－BUY＠156.75

6/12－SELL＠156.50

6/07－BUY＠156.10

6/06－SELL＠155.70

6/05－BUY＠155.80

6/03－SELL＠156.80

5/31－BUY＠157.25

5/30－SELL＠157.00

5/17－BUY＠155.60

5/15－SELL＠156.30

5/06－BUY＠153.40

5/01－SELL＠156.25

4/30－BUY＠156.77

4/29－SELL＠156.36

4/05－BUY＠151.63

4/04－SELL＠151.33

4/01－BUY＠151.39

3/27－SELL＠151.35

3/12－BUY＠146.90

3/05－SELL＠150.11

3/04－BUY＠150.43

2/29－SELL＠150.55

2/21－BUY＠150.16

2/20－SELL＠150.01

2/19－BUY＠150.10

2/15－SELL＠150.48

2/07－BUY＠148.03

2/06－SELL＠148.44

2/02－BUY＠146.70

1/31－SELL＠147.41

1/30－BUY＠147.60

1/29－SELL＠147.71

1/25－BUY＠147.65

1/24－SELL＠147.95

1/15－BUY＠145.11

1/12－SELL＠145.35

1/09－BUY＠144.45

1/08－SELL＠144.63

1/02－BUY＠141.50