2017.7.19 07:20 Dollar/Yen movement forecast and scenarios
Last USD/JPY Forecast 2017.7.18 07:10 Post Scenario (Click the image to go to the article.)
Last USD/JPY Forecast 2017.7.18 USD/JPY 60-minute Chart
Today’s USD/JPY Forecast Building a Scenario for USD/JPY Price Movement
There is a tendency for downside to stall, but after a small rebound there is a slightly higher probability that a large trend will begin. Following that large trend seems to be a prudent approach. If the site's blog ranking rises and motivation increases, there is a possibility of writing articles in real time about target rates.＜2017.7.19 06:55 Post＞
● Scenario 1
If the price breaks above the range of 111.950–112.100, it may pause around 112.200 and move into consolidation. If it breaks above this consolidation, it could move to around 112.250–300. If it breaks below, it could move around 111.950–112.000. The 4-hour 160 MA is expected to be a psychological level, and until it closes above this level, a long view is difficult.
● Scenario 2
If the price breaks below the range of 111.950–112.100, it may pause around 111.930 and consolidate. If it breaks below this consolidation, it could move to around 111.800–850. If it breaks above, it could move to around 112.050–100. If the 20 MA crosses below the 160 MA, a genuine correction may begin.
We see the 5th wave on the 4-hour chart.If the price breaks above the range of 111.950–112.100, it may pause around 112.200 and move into consolidation. If it breaks above this consolidation, it could move to around 112.250–300. If it breaks below, it could move around 111.950–112.000. The 4-hour 160 MA is expected to be a psychological level, and until it closes above this level, a long view is difficult.
● Scenario 2
If the price breaks below the range of 111.950–112.100, it may pause around 111.930 and consolidate. If it breaks below this consolidation, it could move to around 111.800–850. If it breaks above, it could move to around 112.050–100. If the 20 MA crosses below the 160 MA, a genuine correction may begin.
We need to determine waves a–c and then read how the subsequent trend will unfold.
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