2017.8.2 08:30 Dollar-Yen price movement forecast and scenarios
USD/JPY Forecast: Reviewing the Previous USD/JPY Price Movement Forecast
The result was almost an exact match for two consecutive days. It’s almost scary how precise it was. The time required for this analysis is typically 2–3 minutes. If it takes 20–30 minutes or more, I won’t be able to update almost daily.Previous USD/JPY Forecast 2017.8.1 06:10 Post Scenario (Click the image to go to the article)
Previous USD/JPY Forecast 2017.8.1 USD/JPY 15-Minute Chart
Today’s USD/JPY Forecast: Constructing a Scenario for USD/JPY Price Movement
110.<Posted on 2017.8.2 07:10>
● Scenario 1
If it rises toward around 110.470, it will then correct toward around 110.400. If it again surpasses the previous high, it could range around 110.570–600. If it closes above 110.600 on the 15-minute chart, it may rise toward around 111.000.
● Scenario 2
If it breaks below 110.148, it will range around 110.050, and if it breaks downward, it could range again around 109.910–50. If it breaks the 8.1 low, it could fall toward around 109.450.
If it rises toward around 110.470, it will then correct toward around 110.400. If it again surpasses the previous high, it could range around 110.570–600. If it closes above 110.600 on the 15-minute chart, it may rise toward around 111.000.
● Scenario 2
If it breaks below 110.148, it will range around 110.050, and if it breaks downward, it could range again around 109.910–50. If it breaks the 8.1 low, it could fall toward around 109.450.
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