2018.1.19 FX-ON posting time 09:30 Dollar/Yen price movement forecast and scenario
Dollar/Yen Forecast: Reviewing the Previous Dollar/Yen Price Movement Forecast
On the 18th, I was able to witness the birth of my child without incident. I tried to support my wife as much as possible so she wouldn’t suffer, but in moments like that I felt men can’t do much. The moment I saw my child being born left me with a lasting impression. Previously, I missed the initial trend forecast, but the proposed price movement scenario largely followed the expected motion.Previous Dollar/Yen Forecast (click the image to go to the article)
Previous Dollar/Yen Forecast: Dollar/Yen 15-minute Chart
Today’s Dollar/Yen Forecast: Building a Scenario for Dollar/Yen Price Movement
From the 4-hour chart, the highs and lows are rising, but the trend is still somewhat ambiguous. If the price exceeds yesterday’s high of 111.475, there is a high likelihood of moving upward with a 6:4 tilt, but if it fails to surpass and breaks yesterday’s low of 110.687, it may come down again to test below the channel line. I expect to follow the market.＜Posted 2018.1.19 09:00＞
● Scenario 1
Published on the site
● Scenario 2
If it breaks below the 111.000–111.100 range, it may fall to around 110.900–850, then consolidate or retrace. If it breaks below the consolidation, it may reach around 110.800–750. If it breaks above the consolidation or retraces, it could rise to around 111.100. After falling to around 110.800–750, if the downside momentum strengthens, it could fall toward around 110.450–400.
Published on the site
● Scenario 2
If it breaks below the 111.000–111.100 range, it may fall to around 110.900–850, then consolidate or retrace. If it breaks below the consolidation, it may reach around 110.800–750. If it breaks above the consolidation or retraces, it could rise to around 111.100. After falling to around 110.800–750, if the downside momentum strengthens, it could fall toward around 110.450–400.
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