Hokutosei's Practical Forex Trading－USD/JPY “The daily balance has changed to dollar/yen buying.”

■Position changes and signs - July 16, 2024

In the morning in Tokyo, the yen weakened across the board and the dollar strengthened. As European time approaches, the yen weakens across the board and the dollar weakens. From Europe to London fixes, the dollar is strong. The dollar weakened from Europe to the close in New York.

The dollar weakened throughout the day.

The daily balance changed to 158.60 dollar/yen buy and moved to overnight position.

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■Current position

7/16－BUY＠158.60

(LAST＠158.38）

Downside support-158.36　Rising confirmation points-158.55

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■Positioning record 2024

7/11－SELL＠161.46

7/09－BUY＠160.80

7/05－SELL＠161.20

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