2018.1.22 FX-ON submission time 10:30 The movement forecast and scenario for USD/JPY
Dollar/Yen Forecast: Reviewing the Previous Dollar/Yen Price Movement Forecast
The name for "Chibi-kura" hasn't been decided yet (laughs). I care only about the number of strokes and the sound, but my wife dislikes kanji used by people who didn’t suit her in the past, and her parents dislike trends. With all that, the decision hasn’t been reached yet. Oh, as I was writing the preface, movement started. We must hurry. On the 19th, the price movement was almost exactly as in the scenario.Previous Dollar/Yen Forecast (Click the image to jump 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
It seems to have formed a range around 110.550–750 and completed price consolidation. Looking at the daily chart, it is at the lower part of the channel line, but it has held without breaking the previous low.
As for which way the range will break, since the rate is located at the lower part of the channel line, there is a higher possibility of a mild breakout to the upside.＜Posted on 2018.1.22 08:45＞
● Scenario 1
Currently published on the site
● Scenario 2
If it breaks below the 110.550–750 range, it may fall to around 110.400–350, followed by ranging or correction. If it breaks below the range while ranging, it could fall to around 110.250–150. If it breaks above the range while ranging or with a correction, it could rise to around 110.750. After a fall to around 110.250–150, it may again range or correct around that area. If it breaks below the range while ranging, it could fall to around 109.950–850. If it breaks above the range while ranging or with a correction, it could rise to around 110.550–450. If it falls to around 109.950–850 and the downside momentum strengthens, there is a possibility of moving down to around 109.600–500.
Currently published on the site
● Scenario 2
If it breaks below the 110.550–750 range, it may fall to around 110.400–350, followed by ranging or correction. If it breaks below the range while ranging, it could fall to around 110.250–150. If it breaks above the range while ranging or with a correction, it could rise to around 110.750. After a fall to around 110.250–150, it may again range or correct around that area. If it breaks below the range while ranging, it could fall to around 109.950–850. If it breaks above the range while ranging or with a correction, it could rise to around 110.550–450. If it falls to around 109.950–850 and the downside momentum strengthens, there is a possibility of moving down to around 109.600–500.
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