2018.5.16 FX-ON submission time 20:55 Movement forecast and scenario for USD/JPY
Today’s USD/JPY Forecast: Building the scenario for USD/JPY movements
From this morning, my child has been fussy, and my spouse and I are in a whirlwind... To tell the truth, the site admin is known as a pro at entertaining kids, but today my best clown face was completely ignored and my child burst into tears... I was in the middle of chart analysis, so I left the scene and entrusted it to my wife, thinking parenting is truly tough. There is a division of roles: I handle playtime and washing the baby bottle, while my wife handles putting the baby to sleep and feeding milk. Together we take care of diaper changes and bath time. Even with the division of labor, it’s quite demanding, so I can imagine how tough it must be for a mother to raise a child alone.As for the scenario, the triangle consolidation has broken upward.
There might be a moment of pullback, but entering short at this stage may be a bit dangerous.
＜2018.5.16 05:20 Scenario Creation＞
● Scenario 1
If price breaks above the 110.300–450 congestion, it could rise toward 110.600–700, then consolidate. A breakout above the congestion could push toward 110.850–950. If it breaks below the congestion or consolidates, it could fall toward 110.250–350. After rising to around 110.850–950, it may again consolidate around that level. A breakout above the congestion could push toward 111.050–150. If it falls below the congestion or consolidates, it could retreat toward 110.400–500. If it rises to around 111.050–150 and the upside momentum strengthens, there is a possibility of a rise toward around 111.300–500.
● Scenario 2
If price breaks below the 110.300–450 congestion, it could fall toward 110.150–050, then consolidate or retrace. If it breaks below the congestion further, it could fall toward 109.950–850. A breakout above the congestion or consolidation could push toward 110.450–350. After falling to around 109.950–850, it could again consolidate or retrace around that level. If it breaks below the congestion, it could fall toward 109.750–650. If it breaks above the congestion or consolidates, it could rise toward 110.200–100. If it falls to around 109.750–650 and the downside momentum strengthens, it could fall toward around 109.550–350.
*This scenario is based on analysis conducted around 5:00 every morning, using exactly the same “uptrend scenario” and “downtrend scenario” that appear in the video.If price breaks above the 110.300–450 congestion, it could rise toward 110.600–700, then consolidate. A breakout above the congestion could push toward 110.850–950. If it breaks below the congestion or consolidates, it could fall toward 110.250–350. After rising to around 110.850–950, it may again consolidate around that level. A breakout above the congestion could push toward 111.050–150. If it falls below the congestion or consolidates, it could retreat toward 110.400–500. If it rises to around 111.050–150 and the upside momentum strengthens, there is a possibility of a rise toward around 111.300–500.
● Scenario 2
If price breaks below the 110.300–450 congestion, it could fall toward 110.150–050, then consolidate or retrace. If it breaks below the congestion further, it could fall toward 109.950–850. A breakout above the congestion or consolidation could push toward 110.450–350. After falling to around 109.950–850, it could again consolidate or retrace around that level. If it breaks below the congestion, it could fall toward 109.750–650. If it breaks above the congestion or consolidates, it could rise toward 110.200–100. If it falls to around 109.750–650 and the downside momentum strengthens, it could fall toward around 109.550–350.
Tried forecasting USD/JPY in a video
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