2018.8.10 5:43 Newsletter dispatch Scenario of USD/JPY price movement
Today’s USD/JPY Forecast: Building a Scenario for Dollar/Yen Movements
If the double bottom completes and the upward move strengthens, it could break above the flag and potentially reach around 112 yen.＜2018.8.10 05:43 Newsletter Published＞
● Scenario 1
If the 15-minute close breaks above 111.177, it could rise to around 111.250–350, entering a range or a pullback. A break above the range could push to around 111.450–550. A break below the range or a pullback could pull down to around 110.950–111.050. After rising to around 111.450–550, it may again range or pull back near that area. A breakout above the range could push to around 111.700–800. A break below the range or a pullback could bring it down to around 111.150–250. If it rises to around 111.700–800 and the upside momentum strengthens, there is a possibility of rising to around 111.950–112.150.
● Scenario 2
If the 15-minute close breaks below 110.947, it could fall to around 110.850–750, entering a range or a pullback. A break below the range could push to around 111.650–550. A breakout above the range or a pullback could lift to around 111.150–050. After falling to around 111.650–550, it may again range or pull back near that area. A break below the range could push down to around 110.450–350. A breakout above the range or a pullback could lift to around 110.950–850. If it falls to around 110.450–350 and the downside movement strengthens, there is a possibility of falling to around 110.200–000.
If the 15-minute close breaks above 111.177, it could rise to around 111.250–350, entering a range or a pullback. A break above the range could push to around 111.450–550. A break below the range or a pullback could pull down to around 110.950–111.050. After rising to around 111.450–550, it may again range or pull back near that area. A breakout above the range could push to around 111.700–800. A break below the range or a pullback could bring it down to around 111.150–250. If it rises to around 111.700–800 and the upside momentum strengthens, there is a possibility of rising to around 111.950–112.150.
● Scenario 2
If the 15-minute close breaks below 110.947, it could fall to around 110.850–750, entering a range or a pullback. A break below the range could push to around 111.650–550. A breakout above the range or a pullback could lift to around 111.150–050. After falling to around 111.650–550, it may again range or pull back near that area. A break below the range could push down to around 110.450–350. A breakout above the range or a pullback could lift to around 110.950–850. If it falls to around 110.450–350 and the downside movement strengthens, there is a possibility of falling to around 110.200–000.
Image of the Uptrend Scenario
Image of the Downtrend Scenario
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