2018.2.28 FX-ON posting time 08:05 Prediction and scenarios for USD/JPY price movement

FX Study - Reviewing the previous USD/JPY price movement forecast

Thanks to the birth of my child, my seriousness in chart analysis has increased. Also, since I started recording videos, the latter part of my analyses used to be cut off, but now I keep my focus and analyze with concentration. When studying FX, the most important thing is this concentration. And the most effective material is real trading. For beginners, there may be an image that day trading and scalping require many trades, but as the number of trades increases, the focus needed to review trades becomes scattered. If that happens, the big advantage of reviewing trades on a short time frame every day disappears, leading to focusing on low-expected trades in a short period and quickly melting away funds as a drawback remains. We will provide a solid scenario on this site, so by first researching the difficulty of entry and exit, and by studying which parts of the site’s scenarios you are looking at, your trading abilities will naturally improve. The previous scenario mostly matched as usual.

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 scenario for USD/JPY price movement

The energy to break above after completing a double bottom will be around 107.950–108.050. However, there is a strong resistance formed by the daily support/resistance at 107.850 in front of it, so it might perform a bit of range trading around 107.250–400 or slightly higher to accumulate energy to break the daily support/resistance. Of course, there is also a possibility that the accumulated energy is released downward.
＜Posted on 2018.2.28 07:00＞

Forecasting USD/JPY with a video

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