2017.7.31 09:40 Dollar/Yen price movement forecast and scenario
USD/JPY Forecast: Looking Back at the Previous USD/JPY Price Movement Prediction
We expected large moves, but the price action was not as drastic as anticipated.Previous USD/JPY Prediction July 28, 2017 07:15 Post Scenario (Click the image to go to the article)
Previous USD/JPY Prediction July 28, 2017 USD/JPY 15-minute Chart
Today’s USD/JPY Forecast: Building a Scenario for USD/JPY Movement
Most likely, I think the trend predicted on the 28th will be followed. It would have been better to keep the July 28 prediction as it was for the 27th as well.＜Posted 2017.7.31 07:40＞
● Scenario 1
If the range break above the 110.500–700 congestion occurs, it will consolidate around 110.800, and after breaking the congestion upward, around 110.900. If it breaks downward from the congestion, around 110.500. After rising to 110.900, it may consolidate or pull back. If a breakout occurs upward from the consolidation, there is a possibility to rise toward around 111.000–111.050.
● Scenario 2
If the 110.500–700 range breaks downward, consolidation around 110.400 and, with a lower breakout, around 110.300. If an upper breakout occurs, around 110.700. After falling to 110.300, there may be consolidation or a pullback. If a downward breakout happens, there is a possibility of a drop to around 110.950.
If the range break above the 110.500–700 congestion occurs, it will consolidate around 110.800, and after breaking the congestion upward, around 110.900. If it breaks downward from the congestion, around 110.500. After rising to 110.900, it may consolidate or pull back. If a breakout occurs upward from the consolidation, there is a possibility to rise toward around 111.000–111.050.
● Scenario 2
If the 110.500–700 range breaks downward, consolidation around 110.400 and, with a lower breakout, around 110.300. If an upper breakout occurs, around 110.700. After falling to 110.300, there may be consolidation or a pullback. If a downward breakout happens, there is a possibility of a drop to around 110.950.
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