2018.1.30 FX-ON Submission Time 12:45 Dollar/Yen Movement Forecast and Scenario
Dollar/Yen Forecast: Reviewing the Previous Dollar/Yen Price Movement Prediction
I’ll start with the market topic right away, but things aren’t moving exactly as the market participants expect. For now, I anticipated some movement at the current rate level due to a buy-zone, but since support and resistance are functioning, it may take a little longer. I thought it might break through all at once, though.Previous USD/JPY Prediction (Click the image to open the article.)
Previous USD/JPY Prediction USD/JPY 15-minute Chart
Today's USD/JPY Forecast: Building Scenarios for USD/JPY Price Movement
This is the level of price where we discussed in "Reviewing the previous USD/JPY price movement forecast."＜Image of the Weekly Chart＞
On the weekly chart, the breakout of the flag turned out to be a false breakout, and it has returned within the thin red line frame sloping downward to the right.
The yellow dotted line is the target price predicted by Stock-Measure.
The red dotted line is the target price predicted by the chart pattern.
The thin white line stretching horizontally is the support/resistance.
This support seems to be holding.
If this level breaks, there is a high possibility of a rapid collapse.＜2018.01.30 08:45 Posting＞
● Scenario 1
If the range of 108.900–109.000 breaks upward, it will rise toward around 109.100–200, entering a range of consolidation or correction. A breakout above the consolidation would push toward around 109.300–400. If it breaks below the consolidation or corrects, it would fall toward around 108.850–900. After rising toward around 109.300–400 again, it may enter another consolidation or correction near that level. If it breaks higher from the consolidation, it could rise toward around 109.500–600. If it breaks below the consolidation or corrects, it could fall toward around 108.900–109.000. If it rises to around 109.500–600 and the upside momentum strengthens, it could rise toward around 109.750–850.
● Scenario 2
If the 108.900–109.000 range breaks downward, it could fall toward around 108.850–800, entering a range of consolidation or correction. Continue on the site.
If the range of 108.900–109.000 breaks upward, it will rise toward around 109.100–200, entering a range of consolidation or correction. A breakout above the consolidation would push toward around 109.300–400. If it breaks below the consolidation or corrects, it would fall toward around 108.850–900. After rising toward around 109.300–400 again, it may enter another consolidation or correction near that level. If it breaks higher from the consolidation, it could rise toward around 109.500–600. If it breaks below the consolidation or corrects, it could fall toward around 108.900–109.000. If it rises to around 109.500–600 and the upside momentum strengthens, it could rise toward around 109.750–850.
● Scenario 2
If the 108.900–109.000 range breaks downward, it could fall toward around 108.850–800, entering a range of consolidation or correction. Continue on the site.
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