2018.8.9 5:34 Newsletter dispatch Scenario of USD/JPY price movement

● Scenario 1
If it breaks above the range of 110.900–111.000, price may rise to around 111.100–200, indicating range or correction. A breakout above the range could push to around 111.300–400. If it breaks below the range or continues to correct, it may fall to around 111.850–950. After rising to around 111.300–400, it may again consolidate or correct around that level. A breakout above the range could lift to around 111.550–650. If it breaks below the range or corrects, it could fall to around 111.000–100. If it rises to around 111.550–650 and the upside momentum strengthens, there is a possibility of moving up toward around 111.750–950.
● Scenario 2
If it breaks below the range of 110.900–111.000, price may drop to around 110.800–700, indicating range or correction. A breakout below the range could lead to around 110.600–500. A breakout above the range or correction could push to around 111.100–000. After falling to around 110.600–500, it may consolidate or correct again around that level. If it breaks below the range, it could fall to around 110.350–250. A breakout above the range or correction could lift to around 110.900–800. If it falls to around 110.350–250 and downside momentum strengthens, there is a possibility of moving down toward around 110.150–109.950.