2018.2.8 FX-ON Posting Time 09:05 Forecast and Scenario for USD/JPY Price Movement
USD/JPY Forecast: Reviewing the Previous USD/JPY Price Movement Forecast
From the blog ranking, it seems penalties were imposed and the ranking dropped sharply. After reading the terms, it seems it may have triggered a clause about affiliates, perhaps, but from what I see on the FX Day Trade Blog Ranking, there is hardly a blog that doesn’t have that kind of thing.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 Scenarios for USD/JPY Price Movement
From the 15-minute chart, a break of support around 109.100 is indicated. If there is a drop below the range, a decline toward around 108.900 is predicted.＜15-Minute Chart＞
＜Posted 2018.02.08 08:00＞● Scenario 1
If the range from 109.250–350 is broken upward, it will rise toward around 109.400–450, indicating a range or pullback. A breakout above the range would push toward 109.550–600. A break below the range or a pullback would push toward around 109.250. After rising to around 109.550–600, it may again move within that range or pull back. If it breaks higher, it could rise toward around 109.700–750, and if it breaks lower, toward around 109.350–400. If it rises to around 109.700–750 and momentum toward the upside strengthens, there is a possibility of rising toward around 110.000–110.100.
● Scenario 2
More details on the site
If the range from 109.250–350 is broken upward, it will rise toward around 109.400–450, indicating a range or pullback. A breakout above the range would push toward 109.550–600. A break below the range or a pullback would push toward around 109.250. After rising to around 109.550–600, it may again move within that range or pull back. If it breaks higher, it could rise toward around 109.700–750, and if it breaks lower, toward around 109.350–400. If it rises to around 109.700–750 and momentum toward the upside strengthens, there is a possibility of rising toward around 110.000–110.100.
● Scenario 2
More details on the site
More details arehere
An EA using the logic of this price movement forecast isavailable for free here.
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