2017.9.18 08:55 The forecast and scenarios for the USD/JPY price movement
USD/JPY Forecast: Reviewing the Previous USD/JPY Price Movement Forecast
There was a unique event: North Korea’s missile launch. The market moved rapidly without lingering at the expected consolidation points. Still, the points where it would pause for a rise or fall were accurate.Previous USD/JPY Forecast: 2017.9.15 07:00 Post Scenario (Click the image to go to the article)
Previous USD/JPY Forecast: 2017.9.15 USD/JPY 15-minute Chart
Today’s USD/JPY Forecast: Constructing a scenario for USD/JPY price movement
When I checked on Sunday, it ranked 4th in FX, and 10th in the stock market, so I decided to continue for now.＜2017.9.18 08:00 Post＞
● Scenario 1
If it breaks above 111.325, it will rise toward around 111.600, then consolidate. A breakout from consolidation would push it toward around 112.050. A breakdown from consolidation would push toward around 111.150–300. If it rises toward around 112.050, there may be a temporary pullback to around 111.300–500.
● Scenario 2
If it breaks below 110.609, it will fall toward around 110.200, then consolidate. A breakout from consolidation downward would push to around 110.000–109.850. A breakout from consolidation upward would push toward around 110.600–110.750. If it falls to around 110.000–109.850 and downside momentum strengthens, it could fall toward around 109.500.
If it breaks above 111.325, it will rise toward around 111.600, then consolidate. A breakout from consolidation would push it toward around 112.050. A breakdown from consolidation would push toward around 111.150–300. If it rises toward around 112.050, there may be a temporary pullback to around 111.300–500.
● Scenario 2
If it breaks below 110.609, it will fall toward around 110.200, then consolidate. A breakout from consolidation downward would push to around 110.000–109.850. A breakout from consolidation upward would push toward around 110.600–110.750. If it falls to around 110.000–109.850 and downside momentum strengthens, it could fall toward around 109.500.
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