2018.5.29 FX-ON posting time 15:40 Expected movement and scenarios for USD/JPY
Today’s USD/JPY Forecast: Building a Scenario for USD/JPY Price Action
Due to moves related to moving and preparations for relocation, I’ve had to step away from my desk a bit. Recently, the market has been in a consolidation/range with dampened expectations, but if a trend starts to emerge, I think accuracy will improve.＜2018.5.29 05:25 Scenario Created＞
● Scenario 1
If a breakout above the 109.250–450 range occurs, it will rise toward around 109.550–650, with a consolidation. A breakout above the range would push toward around 109.700–800. A breakout below the range or a pullback would push toward around 109.250–350. After rising toward around 109.700–800, the price may consolidate again around that level. A breakout above that range would push toward around 109.950–110.050. A breakout below or a pullback would push toward around 109.350–450. If the price rises toward around 109.950–110.050 and the upside moves strengthen, there is a possibility of rising toward around 110.250–450.
● Scenario 2
If a breakout below the 109.250–450 range occurs downward, it will fall toward around 109.150–050, indicating consolidation or a pullback. A breakout below the range would push toward around 108.900–800. A breakout above the range or a pullback would push toward around 109.550–450. After falling toward around 108.900–800, the price may consolidate again around that level. A breakout below the range would push toward around 108.650–550. A breakout above the range or a pullback would push toward around 109.450–350. If it falls toward around 108.650–550 and the downside momentum strengthens, there is a possibility of moving down to around 108.350–150.
*This scenario is based on analysis performed daily around 5:00 AM, using exactly the “Upward Trend Scenario” and “Downward Trend Scenario” that appear in the video.If a breakout above the 109.250–450 range occurs, it will rise toward around 109.550–650, with a consolidation. A breakout above the range would push toward around 109.700–800. A breakout below the range or a pullback would push toward around 109.250–350. After rising toward around 109.700–800, the price may consolidate again around that level. A breakout above that range would push toward around 109.950–110.050. A breakout below or a pullback would push toward around 109.350–450. If the price rises toward around 109.950–110.050 and the upside moves strengthen, there is a possibility of rising toward around 110.250–450.
● Scenario 2
If a breakout below the 109.250–450 range occurs downward, it will fall toward around 109.150–050, indicating consolidation or a pullback. A breakout below the range would push toward around 108.900–800. A breakout above the range or a pullback would push toward around 109.550–450. After falling toward around 108.900–800, the price may consolidate again around that level. A breakout below the range would push toward around 108.650–550. A breakout above the range or a pullback would push toward around 109.450–350. If it falls toward around 108.650–550 and the downside momentum strengthens, there is a possibility of moving down to around 108.350–150.
I Tried Forecasting USD/JPY in a Video
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