9/3 5:59 Newsletter delivery Scenario of USD/JPY price movement
Today’s USD/JPY Forecast: Building the scenario for USD/JPY price movement
Technically, it is highly likely to move up toward around 111.300–400.After that, if it breaks above the highs, 112 yen may come into view.
＜2018.9.3 05:59 Newsletter Delivery＞
● Scenario 1
If it breaks above the range of 110.900–111.100, it will rise toward around 111.200–300, entering a range or a pullback. A breakout above the range would push toward around 111.400–500. If it falls below the range or undergoes a pullback, it could drop to around 110.900–111.000. After rising toward around 111.400–500, it may again range or pull back around that area. A breakout above the range could push toward around 111.600–700. If it falls below the range, it could drop to around 111.100–200. If it rises to around 111.600–700 and the upside momentum strengthens, there is a possibility of moving up toward around 111.850–112.050.
● Scenario 2
If it breaks below the range of 110.900–111.100, it could fall to around 110.800–700, entering a range or a pullback. A breakout below the range could push to around 110.600–500. A breakout above the range or a pullback could move to around 111.100–000. After falling to around 110.600–500, it may again range or pull back around that area. If it breaks below the range, it could drop to around 110.450–350. If it breaks above the range or a pullback, it could rise toward around 110.900–800. If it falls to around 110.450–350 and the downward movement strengthens, there is a possibility of dropping to around 110.250–050.
If it breaks above the range of 110.900–111.100, it will rise toward around 111.200–300, entering a range or a pullback. A breakout above the range would push toward around 111.400–500. If it falls below the range or undergoes a pullback, it could drop to around 110.900–111.000. After rising toward around 111.400–500, it may again range or pull back around that area. A breakout above the range could push toward around 111.600–700. If it falls below the range, it could drop to around 111.100–200. If it rises to around 111.600–700 and the upside momentum strengthens, there is a possibility of moving up toward around 111.850–112.050.
● Scenario 2
If it breaks below the range of 110.900–111.100, it could fall to around 110.800–700, entering a range or a pullback. A breakout below the range could push to around 110.600–500. A breakout above the range or a pullback could move to around 111.100–000. After falling to around 110.600–500, it may again range or pull back around that area. If it breaks below the range, it could drop to around 110.450–350. If it breaks above the range or a pullback, it could rise toward around 110.900–800. If it falls to around 110.450–350 and the downward movement strengthens, there is a possibility of dropping to around 110.250–050.
Image of the Uptrend Scenario
Image of the Downtrend Scenario
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