2018.5.18 FX-ON submission time 09:00 Dollar/Yen price movement forecast and scenario
Today’s USD/JPY Forecast: Building a Scenario for Dollar/Yen Movements
Today is my child's birthday month and the initial送 delivery, so I’ll keep it simple due to a tight schedule.I’m not sure about the depth yet, but there may be a correction.
<2018.5.18 05:20 Scenario Creation>
● Scenario 1
If a breakout above the 110.650–800 range occurs, the price may rise to around 110.950–111.050, continuing to consolidate or correct. A breakout above the range could push toward 111.150–250. A breakout below the range or a correction could pull back to around 110.550–650. After rising to around 111.150–250, it may again consolidate or correct around that area. A breakout above the range could lift toward 111.350–450. A breakout below the range or a correction could push down to around 110.700–800. After rising to around 111.350–450, a pullback is possible.
● Scenario 2
If a breakout below the 110.650–800 range occurs, the price may fall to around 110.550–450, indicating consolidation or a correction. A breakout below the range could push toward 110.400–300. A breakout above the range or a correction could lift to around 110.800–700. After falling to around 110.350–250, it may again consolidate or correct near that area. A breakout below the range could push to around 110.150–050. A breakout above the range or a correction could lift to around 110.650–550. If the downside movement strengthens and falls to around 109.950–750, further declines may occur.
※ This scenario is analyzed every morning around 5:00 and uses the exact “Uptrend Scenario” and “Downtrend Scenario” shown in the video.If a breakout above the 110.650–800 range occurs, the price may rise to around 110.950–111.050, continuing to consolidate or correct. A breakout above the range could push toward 111.150–250. A breakout below the range or a correction could pull back to around 110.550–650. After rising to around 111.150–250, it may again consolidate or correct around that area. A breakout above the range could lift toward 111.350–450. A breakout below the range or a correction could push down to around 110.700–800. After rising to around 111.350–450, a pullback is possible.
● Scenario 2
If a breakout below the 110.650–800 range occurs, the price may fall to around 110.550–450, indicating consolidation or a correction. A breakout below the range could push toward 110.400–300. A breakout above the range or a correction could lift to around 110.800–700. After falling to around 110.350–250, it may again consolidate or correct near that area. A breakout below the range could push to around 110.150–050. A breakout above the range or a correction could lift to around 110.650–550. If the downside movement strengthens and falls to around 109.950–750, further declines may occur.
Trying a USD/JPY Forecast in a Video
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