2017.9.22 08:55 Forecast and scenarios for USD/JPY price movement
Dollar/Yen Forecast: Reviewing the Previous Dollar/Yen Price Movement Forecast
Since I took a day off yesterday, I will review the forecast for 9/20. The blog ranking dropped when I woke up, so my motivation declined and I took the day off because I was sleepy.Previous Dollar/Yen Forecast 2017.9.20 07:15 Post Scenario (Click the image to go to the article)
Previous Dollar/Yen Forecast 2017.9.20 Dollar/Yen 15-minute chart
Today’s Dollar/Yen Forecast: Building a scenario for Dollar/Yen movements
When you look at the chart in a larger view, it appears to be upwardFlaglooks like this. Since there hasn’t been a reasonable pullback to a certain level, I think there’s a higher likelihood of a slight downside break. On the 4-hour chart, the main trend is up, but due to the weekend, North Korea has been launching missiles and provoking recently, so carrying positions may be a bit risky.<2017.9.22 07:05 Post>
● Scenario 1
If it breaks upward from the range of 112.150–112.600, it may extend to around 112.750–112.800, then consolidate. If it breaks above the consolidation, it could rise to around 113.000. If it breaks below the consolidation, it could fall to around 112.150. If it rises to around 113.000 and the upside movement strengthens, it may exceed 113.500.
● Scenario 2
If it breaks downward from the range of 112.150–112.600, it may fall to around 112.000–111.900 and consolidate. If it breaks below the consolidation, it could fall to around 111.800–111.700. If it breaks upward from the consolidation, it could rise to around 112.600. If it falls to around 111.800–111.700 and the downside movement strengthens, it may fall further to around 111.350–111.200.
If it breaks upward from the range of 112.150–112.600, it may extend to around 112.750–112.800, then consolidate. If it breaks above the consolidation, it could rise to around 113.000. If it breaks below the consolidation, it could fall to around 112.150. If it rises to around 113.000 and the upside movement strengthens, it may exceed 113.500.
● Scenario 2
If it breaks downward from the range of 112.150–112.600, it may fall to around 112.000–111.900 and consolidate. If it breaks below the consolidation, it could fall to around 111.800–111.700. If it breaks upward from the consolidation, it could rise to around 112.600. If it falls to around 111.800–111.700 and the downside movement strengthens, it may fall further to around 111.350–111.200.
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