2017.8.22 07:50 The forecast and scenarios for USD/JPY price movement
Dollar-Yen Forecast: Looking Back at the Previous Dollar-Yen Price Movement Prediction
Lately, you’ve almost perfectly hit the mark consistently. I got involved in political topics on Twitter. It may be a no-go for a trader, but probably this will erase any talk of collaboration with ASP (laugh). But you know, it’s troublesome when Japanese people who don’t take pride in Japan are resentful of Self-Defense Forces.Previous Dollar-Yen Forecast: 2017.8.21 06:30 Post Scenario (Click the image to go to the article.)
Previous Dollar-Yen Forecast: 2017.8. Dollar-Yen 15-minute Chart
Today's Dollar-Yen Forecast: Constructing a Scenario for Dollar-Yen Price Movement
At a glance, there is a possibility that a double bottom could complete. However, overall, the trend is more likely downward, so the basic bias is still bearish. It’s worth watching whether the daily close breaks 108.700.＜Posted 2017.8.22 07:30＞
● Scenario 1
If it breaks above 109.013, it will rise toward around 109.250–350, then pull back to around 109.100. If a range occurs after the pullback, a breakout above the range could push past the previous high toward around 109.450. A breakdown below the range could bring it down toward around 109.000.
● Scenario 2
If it breaks below 108.596, it could fall to around 108.400–200 and range. A breakout below the range could drop to around 108.100. A breakout above the range could push back toward around 108.600. If the move below 108.100 accelerates, it could fall toward around 107.600.
If it breaks above 109.013, it will rise toward around 109.250–350, then pull back to around 109.100. If a range occurs after the pullback, a breakout above the range could push past the previous high toward around 109.450. A breakdown below the range could bring it down toward around 109.000.
● Scenario 2
If it breaks below 108.596, it could fall to around 108.400–200 and range. A breakout below the range could drop to around 108.100. A breakout above the range could push back toward around 108.600. If the move below 108.100 accelerates, it could fall toward around 107.600.
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