shuyatake

Whether It will be Trigger of Short-Covering ....

FX:USDJPY   U.S. Dollar / Japanese Yen
I want to refer to the "RELATED IDEAS".
Yesterday's movement was very easy.
Because broke "SellZone-C" on the short-term, I thought "BuyZone-D" would be support.

However, the movement (Important-Movement Z) that was suppressed in "SellZone-B" of the upper level and eventually Buyer loses becomes important.
From the history of the above, I draw "SellZone-E".

I think that breaking this zone will be the trigger of short covering
also,It suggests the possibility of correction wave end.
In next attack , Breaking through the "SellZone-B"?

Support of the most recent, 107.70 / 71.
If this broken, I take the view of trying lower.
Downside are 107.40 level,same as yesterday.

Downside seems to be Support by trend line in 4-HOURS level.
In other words, the decline in the current situation is only adjustment.

I expect next week.

Thank you.
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