2018.2.12 FX-ON Submission Time 08:40 Dollar/Yen price movement forecast and scenarios
Dollar/Yen Forecast — Reflecting on the Previous Dollar/Yen Price Movement Forecast
I am a site administrator immersed in EA backtesting. At the moment, I have requested the EA creator to allow setting parameters separately for long and short, so I’m exploring short GBP/JPY and long USD/JPY parameters.Last USD/JPY Forecast (Click the image to go to the article.)
Last USD/JPY Forecast USD/JPY 15-minute Chart
Today's USD/JPY Forecast — Building a Movement Scenario for USD/JPY
Today is a holiday in Tokyo time, so it’s quite quiet. As a characteristic of Tokyo time, one site indicated it tends to be yen weaker and dollar stronger; I’m not sure. I will draw the scenario by looking at the information conveyed by the chart.＜2018.2.12 08:35 Post＞● Scenario 1
If it breaks upward from a range of 108.700–850, it will rise to around 108.950–109.050, then consolidate or adjust. If it breaks above the range, it could rise to around 109.100–200. If it breaks below the range or adjusts, it could fall to around 108.700–750. After rising to around 109.100–200, a pullback to around 108.750–900 may occur and rebound. If the adjustment settles around 108.750–900 and then the previous high is broken, it could rise to around 109.350–109.600.
● Scenario 2
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If it breaks upward from a range of 108.700–850, it will rise to around 108.950–109.050, then consolidate or adjust. If it breaks above the range, it could rise to around 109.100–200. If it breaks below the range or adjusts, it could fall to around 108.700–750. After rising to around 109.100–200, a pullback to around 108.750–900 may occur and rebound. If the adjustment settles around 108.750–900 and then the previous high is broken, it could rise to around 109.350–109.600.
● Scenario 2
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