8/30 06:04 Newsletter delivery Yen-dollar price movement scenario
Today's USD/JPY Forecast: Building a Scenario for USD/JPY Price Movement
With the 15-minute waves reaching up to the fifth wave of Elliott.After the corrective wave ends, a trend is expected to emerge. Probabilistically, the upside trend appears slightly more likely.
<2018.8.30 06:04 Newsletter Published>
● Scenario 1
If a breakout above the 111.600–800 range occurs, price may rise to around 111.900–112.000, then consolidate or correct. A breakout above the range could push toward 112.100–200. If it breaks below the range or corrects, the price may fall to around 111.600–700. After rising toward 112.100–200, it may consolidate or correct again in that vicinity. A breakout above the range could lift toward around 112.350–450. If it breaks lower or corrects, it could fall to around 111.800–900. If it rises to around 112.350–450 and the upside momentum strengthens, there is a possibility of moving up toward around 112.550–750.
● Scenario 2
If a breakout above the 111.600–800 range occurs, price may drop to around 111.500–400, then consolidate or correct. A breakout below the range could push to around 111.300–200. A breakout above the range or correction could lift to around 111.800–700. After falling to around 111.300–200, it may again consolidate or correct in that vicinity. A breakdown below the range could push to around 111.100–000. A breakout above the range or correction could lift toward around 111.600–500. After descending to around 111.100–000, a rebound is possible.
If a breakout above the 111.600–800 range occurs, price may rise to around 111.900–112.000, then consolidate or correct. A breakout above the range could push toward 112.100–200. If it breaks below the range or corrects, the price may fall to around 111.600–700. After rising toward 112.100–200, it may consolidate or correct again in that vicinity. A breakout above the range could lift toward around 112.350–450. If it breaks lower or corrects, it could fall to around 111.800–900. If it rises to around 112.350–450 and the upside momentum strengthens, there is a possibility of moving up toward around 112.550–750.
● Scenario 2
If a breakout above the 111.600–800 range occurs, price may drop to around 111.500–400, then consolidate or correct. A breakout below the range could push to around 111.300–200. A breakout above the range or correction could lift to around 111.800–700. After falling to around 111.300–200, it may again consolidate or correct in that vicinity. A breakdown below the range could push to around 111.100–000. A breakout above the range or correction could lift toward around 111.600–500. After descending to around 111.100–000, a rebound is possible.
Image of the Uptrend Scenario

Image of the Downtrend Scenario

Today's USD/JPY Forecast: Results of the USD/JPY Price Movement Scenarios
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