8/31 05:39 Newsletter dispatch: Scenario for USD/JPY price movement
Today’s USD/JPY Forecast: Building a Scenario for USD/JPY Price Movement
It turned out to be a surprising move, a choppy range.If we break through the current consolidation, there is a high likelihood that the downward move could accelerate.
<2018.8.31 05:39 Newsletter Distribution>
● Scenario 1
If the 110.950–100 range breaks upward, price could rise to around 111.200–300, with consolidation or a pullback. A breakout above the range could push to around 111.400–500. A breakout below the range or a pullback could send it down to around 111.000–100. After rising to around 111.400–500, it may again consolidate or pull back near that level. A breakout above then could lift to around 111.600–700. A breakout below or a pullback could push to around 111.200–100. If it rises to around 11,600–700 and momentum to the upside strengthens, there is potential to rise toward around 111.800–112.000.
● Scenario 2
If the 110.950–100 range breaks downward, price could fall to around 110.850–750, followed by consolidation or a pullback. A breakout below the range could push to around 110.600–500. A breakout above or a pullback could lift to around 111.100–000. After falling to around 110.600–500, it may again consolidate or pull back near that area. A breakout below could take it to around 110.400–300. A breakout above or pullback could lift toward around 111.000–110.900. If it falls to around 110.400–300 and downward momentum increases, there is a possibility of falling toward around 110.200–000.
If the 110.950–100 range breaks upward, price could rise to around 111.200–300, with consolidation or a pullback. A breakout above the range could push to around 111.400–500. A breakout below the range or a pullback could send it down to around 111.000–100. After rising to around 111.400–500, it may again consolidate or pull back near that level. A breakout above then could lift to around 111.600–700. A breakout below or a pullback could push to around 111.200–100. If it rises to around 11,600–700 and momentum to the upside strengthens, there is potential to rise toward around 111.800–112.000.
● Scenario 2
If the 110.950–100 range breaks downward, price could fall to around 110.850–750, followed by consolidation or a pullback. A breakout below the range could push to around 110.600–500. A breakout above or a pullback could lift to around 111.100–000. After falling to around 110.600–500, it may again consolidate or pull back near that area. A breakout below could take it to around 110.400–300. A breakout above or pullback could lift toward around 111.000–110.900. If it falls to around 110.400–300 and downward momentum increases, there is a possibility of falling toward around 110.200–000.
Image of the Uptrend Scenario
Image of the Downtrend Scenario
Trading Using Indicators and Market Principles
https://www.youtube.com/channel/UCVP9lzFRkohtIyMdkQHHz9A/live↓ Click to jump to the details of the trade.
× ![]()
