2017.9.7 07:45 The expected movement and scenario for USD/JPY
Dollar/Yen Forecast: Reflecting on the Previous Dollar/Yen Price Movement Forecast
The timing of exceeding the 240MA turned out to be later than expected, and it ended up rising above it after a significant pullback. Since I issued the forecast, I would have liked it to break above, but ultimately this is decided by the market.Previous Dollar/Yen Forecast — 2017.9.6 07:00 Post Scenario (Click the image to go to the article.)
Previous Dollar/Yen Forecast — 2017.9.6 Dollar/Yen 15-minute Chart
Today’s Dollar/Yen Forecast: Building a Price Movement Scenario for Dollar/Yen
<2017.9.7 07:25 Post>
● Scenario 1
If the range from 109.200–109.350 is broken to the upside, it may rise to around 109.500–109.600, followed by a pullback or consolidation. If it breaks above the consolidation, it could rise to around 109.750–109.800. If it breaks below the consolidation, it may fall to around 109.150–109.250. If it rises again toward around 109.750–109.800 and the upside momentum strengthens, there is a possibility of moving toward around 110.000.
● Scenario 2
If the range from 109.200–109.350 is broken to the downside, it may fall to around 109.050–109.000, then recover to around 109.100–109.150. If it then moves toward the previous low and breaks below it, it could fall to around 108.950–108.850 and consolidate. If it does not break the previous low, it would transition to Scenario 1. If it breaks below the 108.950–108.850 consolidation, it could fall toward around 108.750; if it breaks above, it could rise to around 109.050. If it falls to around 108.750 and cannot close above 109.000 on the turnaround, there is a possibility of dropping to around 108.300.
If the range from 109.200–109.350 is broken to the upside, it may rise to around 109.500–109.600, followed by a pullback or consolidation. If it breaks above the consolidation, it could rise to around 109.750–109.800. If it breaks below the consolidation, it may fall to around 109.150–109.250. If it rises again toward around 109.750–109.800 and the upside momentum strengthens, there is a possibility of moving toward around 110.000.
● Scenario 2
If the range from 109.200–109.350 is broken to the downside, it may fall to around 109.050–109.000, then recover to around 109.100–109.150. If it then moves toward the previous low and breaks below it, it could fall to around 108.950–108.850 and consolidate. If it does not break the previous low, it would transition to Scenario 1. If it breaks below the 108.950–108.850 consolidation, it could fall toward around 108.750; if it breaks above, it could rise to around 109.050. If it falls to around 108.750 and cannot close above 109.000 on the turnaround, there is a possibility of dropping to around 108.300.
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