6/20 5:57 Newsletter delivery: Scenario of USD/JPY price movement
Today's USDJPY Forecast: Building a Price Movement Scenario for USD/JPY
Yesterday I vaccinated my child, and today I can see they have a fever, so I am a bit worried as a site administrator. In a way, when I didn’t have children, I often saw parents looking at their child in pain and saying, “If possible, I’d like to take their place,” and now I understand that feeling very well.＜2018.6.20 05:25 Scenario Creation＞
● Scenario 1
If the range of 109.900–110.100 is broken to the upside, it will rise toward around 110.250–350, then retrace to around 110.050–150 and rebound. If the retracement settles around 110.050–150 and breaks the previous high, it could rise toward around 110.400–500, continuing to range or retrace. A breakout above the range could push toward around 110.600–700. A break below the range or retracement could push down toward around 110.050–150. If it rises to around 110.600–700 and the upside momentum strengthens, there is a possibility of rising toward around 110.950–111.150.
● Scenario 2
If the 109.900–110.100 range is broken to the downside, it will fall toward around 109.800–700, continuing to range or retrace. A breakout below the range could push toward around 109.600–500. A breakout above the range or retracement could push toward around 110.100–000. After falling to around 109.600–500, it may again range or retrace near that level. A break below the range could push toward around 109.400–300. A breakout above the range or retracement could push toward around 109.950–850. If it falls toward around 109.400–300 and the downside momentum strengthens, there is a possibility of falling to around 109.000–108.800.
※ This scenario is analyzed every morning around 5:00, and the “upward trend scenario” and “downward trend scenario” shown in the video are used as they are.If the range of 109.900–110.100 is broken to the upside, it will rise toward around 110.250–350, then retrace to around 110.050–150 and rebound. If the retracement settles around 110.050–150 and breaks the previous high, it could rise toward around 110.400–500, continuing to range or retrace. A breakout above the range could push toward around 110.600–700. A break below the range or retracement could push down toward around 110.050–150. If it rises to around 110.600–700 and the upside momentum strengthens, there is a possibility of rising toward around 110.950–111.150.
● Scenario 2
If the 109.900–110.100 range is broken to the downside, it will fall toward around 109.800–700, continuing to range or retrace. A breakout below the range could push toward around 109.600–500. A breakout above the range or retracement could push toward around 110.100–000. After falling to around 109.600–500, it may again range or retrace near that level. A break below the range could push toward around 109.400–300. A breakout above the range or retracement could push toward around 109.950–850. If it falls toward around 109.400–300 and the downside momentum strengthens, there is a possibility of falling to around 109.000–108.800.
I tried forecasting USD/JPY in a video
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