6/22 5:51 Newsletter delivery: Dollar/Yen price movement scenarios
Today’s USD/JPY Forecast: Building a Scenario for USD/JPY Price Movement
Regarding the new indicator, development is progressing smoothly. The developer is very communicative, sending prototypes and making direction adjustments as needed to shape the product in the right direction. It would be ideal to have it done by June, but it might shift to mid-July. After all, it seems this is the developer’s first idea...＜Scenario Created on 2018.06.22 05:25＞
● Scenario 1
If the range from 109.850 to 110.050 breaks upward, the price could rise to around 110.150–250, with consolidation or a pullback. A breakout above the range could push toward 110.350–450. If the price breaks downward from the range or consolidates, it could fall to around 109.850–950. After rising to around 110.350–450, it may consolidate again near that level. A breakout above the range could push toward 110.550–650. If it breaks downward from the range or consolidates, it could fall to around 110.050–150. If it rises to around 110.550–650 and the upside momentum strengthens, there is a possibility of rising further toward around 110.750–950.
● Scenario 2
If the range from 109.850 to 110.050 breaks downward, the price could fall to around 109.750–650, with consolidation or a pullback. A downward breakout could push to around 109.550–450. A breakout upward from the range or consolidation could rise to around 110.050–109.950. After a fall to around 109.550–450, it may again consolidate near that level. A downward breakout could bring it to around 109.300–200. A breakout upward from the range or consolidation could push to around 109.900–800. If it drops to around 109.300–200, and downside momentum strengthens, there is a possibility of falling to around 109.050–108.850.
*This scenario is based on daily analyses conducted around 5:00 a.m. each morning and uses the same “uptrend scenario” and “downtrend scenario” that appear in the video.If the range from 109.850 to 110.050 breaks upward, the price could rise to around 110.150–250, with consolidation or a pullback. A breakout above the range could push toward 110.350–450. If the price breaks downward from the range or consolidates, it could fall to around 109.850–950. After rising to around 110.350–450, it may consolidate again near that level. A breakout above the range could push toward 110.550–650. If it breaks downward from the range or consolidates, it could fall to around 110.050–150. If it rises to around 110.550–650 and the upside momentum strengthens, there is a possibility of rising further toward around 110.750–950.
● Scenario 2
If the range from 109.850 to 110.050 breaks downward, the price could fall to around 109.750–650, with consolidation or a pullback. A downward breakout could push to around 109.550–450. A breakout upward from the range or consolidation could rise to around 110.050–109.950. After a fall to around 109.550–450, it may again consolidate near that level. A downward breakout could bring it to around 109.300–200. A breakout upward from the range or consolidation could push to around 109.900–800. If it drops to around 109.300–200, and downside momentum strengthens, there is a possibility of falling to around 109.050–108.850.
I tried forecasting USD/JPY in a video
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