2017.7.4 07:05 Prediction and Scenario for USD/JPY Price Movement
USD/JPY Forecast: Reviewing the previous USD/JPY price movements
It’s my own logic, but I often wonder if it moves this much. Yet, it does move. Recently, visitors to this site who thought things like “This can’t be done!” or “This is a scam!” registered for the free newsletter; they unlocked the password, read the articles, and now, from the left side of the chart, what do you think as you survey the chart?Previous USD/JPY Forecast — 2017.7.2 13:15 Post Scenario (Click the image to go to the article)
Previous USD/JPY Forecast — 2017.7.3 USD/JPY 60-minute chart
Today’s USD/JPY Forecast: Building a scenario for USD/JPY price movement
Support and resistance around 113.450 are extending upward, and resistance near 113.750 does not seem likely to break in one move, so a correction or a prolonged range is expected.<Posted 2017.7.4 06:55>
● Scenario 1
If the range of 113.350–113.450 breaks downward, it may find support around 113.200 and continue in a range. If it breaks below 113.200, it could drop toward around 113.000. If it breaks above 113.200, it may recover toward around 113.450.
● Scenario 2
If the range of 113.350–113.450 breaks upward, it may top around 113.600 and continue in a range. If it breaks above 113.600, it could rise toward around 113.750. If it breaks below 113.600, it may revert toward around 113.350.
If the range of 113.350–113.450 breaks downward, it may find support around 113.200 and continue in a range. If it breaks below 113.200, it could drop toward around 113.000. If it breaks above 113.200, it may recover toward around 113.450.
● Scenario 2
If the range of 113.350–113.450 breaks upward, it may top around 113.600 and continue in a range. If it breaks above 113.600, it could rise toward around 113.750. If it breaks below 113.600, it may revert toward around 113.350.
This is expected to be a ranging condition, so this output does not use Stock-Measure to forecast a trend market.
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