2018.1.10 FX-ON submission time 11:20 Dollar/Yen price movement forecast and scenario
Previous USD/JPY Forecast (Click the image to go to the article.)
Previous USD/JPY Forecast USD/JPY 15-minute Chart
Today’s USD/JPY Forecast: Building a scenario for USD/JPY price movement
Looking at the daily chart, it seems we have reached the final rally of the pennant.
I think the direction of the breakout will be determined by whether it closes below 112 on the daily chart or breaks above 113.300 on the daily close.＜Posted 2018.1.10 09:05＞
● Scenario 1
If it breaks above the 112.400–750 range, it will rise toward around 112.900–950, resulting in a range-bound or corrective phase. A breakout above the range would push toward around 113.050–150. After breaking below the range or in a correction, it would fall toward around 112.400 and return to the range. After rising toward around 113.050–150, it would again range or correct around that area. If it breaks above the range, it could rise toward around 113.250–350. If it breaks below or corrects and falls toward around 112.650–750, and if it rises toward around 113.250–350, there is a possibility of stronger upside movement toward around 113.550–650.
● Scenario 2
Available on the site
If it breaks above the 112.400–750 range, it will rise toward around 112.900–950, resulting in a range-bound or corrective phase. A breakout above the range would push toward around 113.050–150. After breaking below the range or in a correction, it would fall toward around 112.400 and return to the range. After rising toward around 113.050–150, it would again range or correct around that area. If it breaks above the range, it could rise toward around 113.250–350. If it breaks below or corrects and falls toward around 112.650–750, and if it rises toward around 113.250–350, there is a possibility of stronger upside movement toward around 113.550–650.
● Scenario 2
Available on the site
The rest ishere
The article contains a password.
Hereto click and obtain the password
An EA using this price-movement prediction logichereis available for free distribution.
× ![]()
