The content translates to: Content I posted on July 14 at 06:55 on the "site of people posting on Yahoo! Finance bulletin board" article Notes: - The instruction says to convert standard decode before translate. The provided text appears to be already d
Today’s USD/JPY Forecast: Building a Scenario for USD/JPY Price Movement
Double Bottomhas formed, but since there is no longer upward momentum that can be derived from that chart pattern, we see a scenario where the rate may consolidate at this level and move either up or down. The rate is the MT4 rate.＜Posted 2017.7.14 06:55＞
● Scenario 1
If it breaks above 113.465, it will consolidate around 113.600, and upon a breakout it could extend to around 113.750–113.800; after retracing to around 113.500, if it breaks above the previous high, it may exceed 114.050.
● Scenario 2
If it cannot break above 113.465 and breaks below 112.850, there is a possibility of a drop to around 112.500.
Today, since there isn’t much time in the morning, the scenarios are rough.WebsitePlease be sure to visit.If it breaks above 113.465, it will consolidate around 113.600, and upon a breakout it could extend to around 113.750–113.800; after retracing to around 113.500, if it breaks above the previous high, it may exceed 114.050.
● Scenario 2
If it cannot break above 113.465 and breaks below 112.850, there is a possibility of a drop to around 112.500.
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