Yesterday Four Levels Sat Inside 64 Pips Above. Today the First One Is 79 Pips Away.
At 06:16 UTC yesterday this desk published four named levels inside 64 pips above spot at 157.92 - the 21-day at 158.02, the 10-day at 158.23, the Ichimoku conversion at 158.25 and the 200-day at 158.56 - with nothing below until 157.19. Twenty-four hours later the pair is at 157.03 and the nearest resistance anybody names is the conversion line at 157.82, 79.0 pips away: the first level above spot today is further than yesterday's entire four-level stack. Below there is one support at 156.06 and then a 72.0-pip void to the 17 September low at 155.34. The density moved sides. A mean-reversion short had four entries in a 54-pip band yesterday and has one today; a breakdown had a 73-pip run to support and now has 97.0 pips plus a gap. We are also retracting a dispute before publishing it: the 41.0-pip gap between one publisher's 155.65 cloud bound on 22 October and 156.06 today is probably not a vendor disagreement, because an Ichimoku lower bound is a rolling-window object that takes a new value daily. Every level needs an as-of date and the rolling ones need it most. Tokyo made a new low at 156.40, 29.0 pips through yesterday's, stopping 34.0 pips above the only support in view, then recovered 63.0 pips. The expiry board would not open on three attempts, so there is no expiry analysis and the reason is retrieval, not absence.