2017.9.8 07:10 USD/JPY price movement forecast and scenario
Dollar/Yen Forecast: Looking Back at the Previous Dollar/Yen Price Movement Forecast
It was weaker than expected. I sensed a very weak condition during trading hours,September 6 Scenarioand I posted a tweet assuming a break below the August 29 low that I had outlined.In the end, there was a pullback after moving down to the level I had anticipated in this scenario.Perhaps there is a possibility that we could reach the scenario 2 development from yesterday.
— kinchanbbh3 (@kinchanbbh3)September 7, 2017
Previous Dollar/Yen Forecast 2017.9.7 07:25 Post Scenario (Click the image to go to the article)
Previous Dollar/Yen Forecast 2017.9.7 15-Minute Dollar/Yen Chart
Today’s Dollar/Yen Forecast: Constructing a Scenario for Dollar/Yen Movement
The daily close finally dropped below 108.700. At this point, I see a higher probability of further downside. I think it’s prudent to go short with a pullback, watching the market.＜Posted 2017.9.8 07:05＞
● Scenario 1
If it breaks above 108.696, it will range around 108.850 or adjust. If the range is short, it will gradually rise toward around 109.050. If the range prolongs and settles around 108.550–108.650, and the high of that time is surpassed, it could rise toward around 109.150–109.300. If the high is not broken or if the range breaks downward, there is a possibility to move to Scenario 2.
● Scenario 2
If it breaks below 108.041, it may fall toward around 107.750 and then range or adjust. If the range is short, it could gradually fall toward around 107.500–107.400. If the range prolongs and settles around 108.050–108.150 and the low is broken, it could fall toward around 107.350. If the low is not broken or the range breaks upward, there is a possibility to move to Scenario 1.
If it breaks above 108.696, it will range around 108.850 or adjust. If the range is short, it will gradually rise toward around 109.050. If the range prolongs and settles around 108.550–108.650, and the high of that time is surpassed, it could rise toward around 109.150–109.300. If the high is not broken or if the range breaks downward, there is a possibility to move to Scenario 2.
● Scenario 2
If it breaks below 108.041, it may fall toward around 107.750 and then range or adjust. If the range is short, it could gradually fall toward around 107.500–107.400. If the range prolongs and settles around 108.050–108.150 and the low is broken, it could fall toward around 107.350. If the low is not broken or the range breaks upward, there is a possibility to move to Scenario 1.
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