2018.3.2 FX-ON Post Time 13:10 Dollar-Yen Price Movement Forecast / Scenario
FX Study: Reflecting on the Last Dollar-Yen Price Movement Forecast
Yesterday, while visiting my child, my wife and I also went to a recycling shop. My wife seems to relieve stress by window shopping or wandering around without a specific goal. Well, it's a logic that men can’t understand at all. Nevertheless, I understand her traits and, since there’s parenting stress as well, I accompanied her to support her who is usually dedicated to childcare, and stayed with her until the end. The more we wander, the more energetic my wife becomes. The more we wander, the more tired I become. For us, shopping with my wife is like the relationship between long and short (laugh). As for the previous forecast, the initial break width of 40 pips at the start, and then the price movement forecast, both were generally correct.Last Dollar-Yen Forecast (Click the image to go to the article)
Last Dollar-Yen Forecast: Dollar-Yen 15-Minute Chart
Today’s Dollar-Yen Forecast: Constructing a Scenario for Dollar-Yen Price Movement
A triangle breakout on the 4-hour chart. If this chart pattern proves genuine, around 105.900 would be the initial target. Then 105.000 to the high 104-yen range would likely become the final target for a triangle breakout.＜Dollar-Yen 4-Hour Chart＞
＜Posted 2018.3.2 13:00＞● Scenario 1
If the range between 106.200–300 breaks upward, it could rise to around 106.400–500, with a range-bound movement or a pullback. A breakout upward from the range could push to around 106.600–700. A breakout downward from the range or a pullback could drop to around 106.200–250. After rising to around 106.600–700, it may again range or pull back around that level. If it breaks upward again, it could rise to around 106.800–900. If it breaks downward again or pulls back, it could fall to around 106.300–400. If it moves up to around 106.800–900 and momentum to the upside strengthens, it could rise toward around 107.050–150.
● Scenario 2
If the 106.200–300 range breaks downward, it could fall to around 106.100–106.000, with a range-bound movement or a pullback. If it breaks downward from the range—
If the range between 106.200–300 breaks upward, it could rise to around 106.400–500, with a range-bound movement or a pullback. A breakout upward from the range could push to around 106.600–700. A breakout downward from the range or a pullback could drop to around 106.200–250. After rising to around 106.600–700, it may again range or pull back around that level. If it breaks upward again, it could rise to around 106.800–900. If it breaks downward again or pulls back, it could fall to around 106.300–400. If it moves up to around 106.800–900 and momentum to the upside strengthens, it could rise toward around 107.050–150.
● Scenario 2
If the 106.200–300 range breaks downward, it could fall to around 106.100–106.000, with a range-bound movement or a pullback. If it breaks downward from the range—
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