7/3 5:49 Newsletter delivery Scenario of USD/JPY price movement
Today’s USD/JPY Forecast: Building Scenarios for USD/JPY Price Action
Introduced in the videoWe want to focus on the weekly channel line. Until we break this level, I will maintain a long perspective. It’s hard to move down. Yesterday, the price did not close below 110.600 on the 15-minute chart. It dipped below it on the wicks several times, though.＜2018.7.3 05:49 Newsletter Delivery＞
● Scenario 1
If the range 110.600–900 breaks to the upside, it could rise toward around 111.050–150, with consolidation or a pullback. A breakout above the range could push toward around 111.300–400. If it breaks below or pulls back from the range, it could fall toward around 110.600–700. After rising toward around 111.300–400, it may again consolidate or pull back near that level. A breakout above the range could push toward around 111.500–600. If it breaks below or pulls back, it could fall toward around 110.800–900. If the rise toward around 111.500–600 strengthens, there is a possibility it could rise toward around 111.800–112.000.
● Scenario 2
If the range 110.600–900 breaks to the downside, it could fall toward around 110.500–400, with consolidation or a pullback. A breakout below the range could push toward around 110.300–200. A breakout above the range or a pullback could push toward around 110.850–750. After falling toward around 110.300–200, it may again consolidate or pull back near that level. If it breaks below, it could fall toward around 110.100–000. If it breaks above or pulls back, it could rise toward around 110.600–500. If it falls toward around 110.100–000, and the downside pressure strengthens, there is a possibility of falling toward around 109.800–600.
If the range 110.600–900 breaks to the upside, it could rise toward around 111.050–150, with consolidation or a pullback. A breakout above the range could push toward around 111.300–400. If it breaks below or pulls back from the range, it could fall toward around 110.600–700. After rising toward around 111.300–400, it may again consolidate or pull back near that level. A breakout above the range could push toward around 111.500–600. If it breaks below or pulls back, it could fall toward around 110.800–900. If the rise toward around 111.500–600 strengthens, there is a possibility it could rise toward around 111.800–112.000.
● Scenario 2
If the range 110.600–900 breaks to the downside, it could fall toward around 110.500–400, with consolidation or a pullback. A breakout below the range could push toward around 110.300–200. A breakout above the range or a pullback could push toward around 110.850–750. After falling toward around 110.300–200, it may again consolidate or pull back near that level. If it breaks below, it could fall toward around 110.100–000. If it breaks above or pulls back, it could rise toward around 110.600–500. If it falls toward around 110.100–000, and the downside pressure strengthens, there is a possibility of falling toward around 109.800–600.
Imagining the Uptrend Scenario
Imagining the Downtrend Scenario
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