2018.5.22 FX-ON submission time 16:05 Dollar/Yen price movement forecast and scenario
Today’s USD/JPY Forecast: Building the Scenario for the USD/JPY Movement
On June 1, for personal reasons, I will be moving. Depending on internet setup status and how organized the house is, I may not be able to deliver USD/JPY movement scenarios for a while, or there may be delays.As for USD/JPY, it seems to be heading for a consolidation.
＜2018.5.22 05:20 Scenario Creation＞
● Scenario 1
If it rises above the 111.000–150 range in a choppy phase, it will move up to around 111.250–350, continuing to consolidate or adjust. If it breaks above the consolidation, it will move up to around 111.450–550. If it breaks below the consolidation or during a pullback, it will fall to around 110.950–111.050. After rising to around 111.450–550, it may consolidate again near that level. If it breaks above the consolidation, it could rise to around 111.650–750. If it moves down through the consolidation for a pullback, it could fall to around 111.050–150. After rising to around 111.650–750, there is a possibility of a reversal.
● Scenario 2
If it breaks below the 111.000–150 range, it could drop to around 110.900–800, then consolidate or adjust. If it breaks below the consolidation, it could fall to around 110.700–600. If it breaks above the consolidation or during a pullback, it could rise to around 111.200–100. After dropping to around 110.700–600, it may again consolidate near that area. If it breaks below the consolidation, it could fall to around 110.500–400. If it breaks above the consolidation or during a pullback, it could rise to around 111.050–110.950. If it falls to around 110.500–400 and the downside momentum strengthens, it could drop to around 110.200–000.
Note: This scenario is analyzed around 5:00 every morning, and the “uptrend scenario” and “downtrend scenario” that appear in the video are used as they are.If it rises above the 111.000–150 range in a choppy phase, it will move up to around 111.250–350, continuing to consolidate or adjust. If it breaks above the consolidation, it will move up to around 111.450–550. If it breaks below the consolidation or during a pullback, it will fall to around 110.950–111.050. After rising to around 111.450–550, it may consolidate again near that level. If it breaks above the consolidation, it could rise to around 111.650–750. If it moves down through the consolidation for a pullback, it could fall to around 111.050–150. After rising to around 111.650–750, there is a possibility of a reversal.
● Scenario 2
If it breaks below the 111.000–150 range, it could drop to around 110.900–800, then consolidate or adjust. If it breaks below the consolidation, it could fall to around 110.700–600. If it breaks above the consolidation or during a pullback, it could rise to around 111.200–100. After dropping to around 110.700–600, it may again consolidate near that area. If it breaks below the consolidation, it could fall to around 110.500–400. If it breaks above the consolidation or during a pullback, it could rise to around 111.050–110.950. If it falls to around 110.500–400 and the downside momentum strengthens, it could drop to around 110.200–000.
I tried forecasting USD/JPY in a video
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