The translated HTML content is: 2018.2.16 FX-ON submission time 09:45 Dollar/Yen price movement forecast and scenario
USD/JPY Forecast: Reviewing the Previous USD/JPY Price Movement Prediction
Yesterday I went to my child’s one-month checkup. The child is endlessly entertaining to watch, but what is that “pursed lips” all about? Seeing it makes me want to stroke their cheeks. To make our family happy, we must make our readers happy; otherwise that happiness won’t come back. With that mindset, I’ll keep creating the scenario today as well. Yesterday’s USD/JPY scenario nearly hit with near perfection.Previous USD/JPY Forecast (Click the image to jump to the article.)
Previous USD/JPY Forecast USD/JPY 15-minute Chart
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Today’s USD/JPY Forecast: Constructing a Price Movement Scenario for USD/JPY
Looking at the current chart, it appears we have just broken upward from a range roughly between 106.000 and 100. Likely there will be another consolidation near the current rate, or it might move up to around 106.350–400. From that premise, I will build the scenario.＜Posted 2018.2.16 08:45＞
● Scenario 1
After rising to around 106.350–400, consolidate near that level. A breakout from the consolidation would push to around 106.550–650. A breakout to the downside or a pullback would push to around 106.050–150. After rising to around 106.550–650, consolidate again or pull back near that area. A breakout higher from the consolidation could push to around 106.800–900. A breakout lower or another pullback could push to around 106.150–250. If it rises to around 106.800–900 and the upside momentum strengthens, there is a possibility of rising to around 107.200–400.
● Scenario 2
Available on the site
After rising to around 106.350–400, consolidate near that level. A breakout from the consolidation would push to around 106.550–650. A breakout to the downside or a pullback would push to around 106.050–150. After rising to around 106.550–650, consolidate again or pull back near that area. A breakout higher from the consolidation could push to around 106.800–900. A breakout lower or another pullback could push to around 106.150–250. If it rises to around 106.800–900 and the upside momentum strengthens, there is a possibility of rising to around 107.200–400.
● Scenario 2
Available on the site
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