2018.2.15 FX-ON posting time 09:40 Dollar/Yen price movement forecast and scenario
USD/JPY Forecast: Reviewing the Previous USD/JPY Movement Forecast
Today I am going to a one-month infant checkup. Lately I have been visiting my wife's family almost every day to see our son, and every time I see him, I feel his face becoming cuter. Holding a baby, or rather a newborn, is nerve-wracking at first because the neck isn’t strong yet, but recently I find myself wanting to hold him more and more. About USD/JPY... I always present points where it may consolidate as scenarios, but actually, there is a gauge for “how far it will move,” and I usually set the consolidation around the middle of that range. As for the gauge of “how far it will move,” I derive it using various knowledge from technical analysis. If you want to acquire this knowledge comprehensively,click hereand purchase this book. If you purchase through this site, the site administrator will earn about 100 yen (laugh). A used copy is fine, so please try purchasing at a nearby bookstore.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: Build a scenario for USD/JPY movement
At a glance, on the 15-minute chartTriangle consolidationAccording to textbook logic, the upper side is descending and the lower side is flat, forming a descending triangle, so there is a slightly higher likelihood of moving downward. However, recently when this formation has appeared, it has all moved upward (laugh).＜15-minute chart＞
The site administrator only makes textbook-style forecasts, which means I have missed the direction of every breakout.
Instead of trading against the trend, let's follow the market’s tested response with the trend.＜2018.2.15 08:15 Post＞
● Scenario 1
Published on the site
● Scenario 2
If the 15-minute close breaks below 106.715, it will drop to around 106.500–106.400, signaling consolidation or a pullback. A break below the consolidation would push to around 106.150–106.050. A breakout above the consolidation or a pullback would push to around 106.850–106.800. After dropping to around 106.150–106.050, if it consolidates again around that area, a breakout above the consolidation could push to around 106.800–106.700. If the downward move strengthens after falling to around 105.850–105.750, there is a possibility of breaking below 105.500.
Published on the site
● Scenario 2
If the 15-minute close breaks below 106.715, it will drop to around 106.500–106.400, signaling consolidation or a pullback. A break below the consolidation would push to around 106.150–106.050. A breakout above the consolidation or a pullback would push to around 106.850–106.800. After dropping to around 106.150–106.050, if it consolidates again around that area, a breakout above the consolidation could push to around 106.800–106.700. If the downward move strengthens after falling to around 105.850–105.750, there is a possibility of breaking below 105.500.
Continuation ishere
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