2017.6.23 06:40 Forecast/Scenario for USD/JPY price movement
The 22nd was the worst result since I公開 the scenario, the first time in a while. It felt weaker in its upward movement than I had anticipated in my head.
Previous USD/JPY forecast 2017.06.22 06:40 posted scenario (click the image to jump to the article)
Previous USD/JPY forecast 2017.06.22 USD/JPY 60-minute chart
Today’s USD/JPY forecast: building a scenario for USD/JPY price movement
Looking at the 4-hour chart,a flagappears to be forming the right shoulder downwards,a flagso there is a slightly higher possibility of a breakout to the upside. When the neckline of the double top is broken by the 60-minute close, it indicates that the short positions were trapped, so I remain long today as well.＜Posted 2017.6.23 06:35＞
● Scenario 1If price breaks above 111.440 (the high on 6/22 at 23:00), it should rise to around 111.650–111.700, then pull back to around 111.470. If it breaks above the previous high, it could rise to around 111.880–112.250. If it cannot break above the previous high, it may fall again to around 111.100.
● Scenario 2If price breaks below 111.220 and re-breaks the support, it may range around 111.050–110.950. If a break below this range occurs, it could range around 110.800–110.650, and a break below that range could bring it to around 110.450. If it breaks above this range, it could return to around 111.050.
● Scenario 2If price breaks below 111.220 and re-breaks the support, it may range around 111.050–110.950. If a break below this range occurs, it could range around 110.800–110.650, and a break below that range could bring it to around 110.450. If it breaks above this range, it could return to around 111.050.
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