6/14 05:46 Email Newsletter Dispatch: Dollar/Yen Price Movement Scenario
Today’s USD/JPY Forecast: Building a Scenario for Dollar/Yen Movement
<Scenario Creation on 2018.6.14 05:10>
● Scenario 1
If the 110.250–400 range (consolidation) breaks upward, it will rise toward around 110.550–650, with consolidation or a pullback. A breakout above the consolidation would push toward around 110.750–850. If it breaks below the consolidation or pulls back, it could fall toward around 110.250–350. After rising toward around 110.750–850, it may consolidate or pull back again near that level. A breakout above the consolidation could lift toward around 110.050–150.
● Scenario 2
If the 110.250–400 range breaks downward, it could fall toward around 110.150–050, continuing in consolidation or a pullback. A breakout below the consolidation could push toward around 109.950–850. A rise above the consolidation or a pullback could push toward around 110.400–300. After falling to around 109.950–850, it may again consolidate or pull back near that level. If it breaks below the consolidation, it could fall toward around 109.750–650. If it breaks above the consolidation or pulls back, it could rise toward around 110.300–200. If it falls to around 109.750–650 and the downward momentum strengthens, there is a possibility of a fall toward around 109.500–300.
If the 110.250–400 range (consolidation) breaks upward, it will rise toward around 110.550–650, with consolidation or a pullback. A breakout above the consolidation would push toward around 110.750–850. If it breaks below the consolidation or pulls back, it could fall toward around 110.250–350. After rising toward around 110.750–850, it may consolidate or pull back again near that level. A breakout above the consolidation could lift toward around 110.050–150.
● Scenario 2
If the 110.250–400 range breaks downward, it could fall toward around 110.150–050, continuing in consolidation or a pullback. A breakout below the consolidation could push toward around 109.950–850. A rise above the consolidation or a pullback could push toward around 110.400–300. After falling to around 109.950–850, it may again consolidate or pull back near that level. If it breaks below the consolidation, it could fall toward around 109.750–650. If it breaks above the consolidation or pulls back, it could rise toward around 110.300–200. If it falls to around 109.750–650 and the downward momentum strengthens, there is a possibility of a fall toward around 109.500–300.
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