9/7 06:30 Newsletter dispatch: USD/JPY price movement scenario
Today’s USD/JPY Forecast: Building a Scenario for USD/JPY Price Movement
It’s an easy-to-understand situation where the neck line of the double top is being contested.Whether the double top will complete, or whether the market will go for another high, we should follow the side the market has determined.
＜2018.9.7 06:30 Newsletter Release＞
● Scenario 1
If the 15-minute close breaks above 111.075, it will rise toward around 111.150–111.250, entering a range or a pullback. A breakout above the range could push it toward around 111.350–111.450. A breakdown below the range or a pullback could push it toward around 110.850–110.950. After rising toward around 111.350–111.450, it may again range or pull back near that area. A breakout above the range could push toward around 111.550–111.650. A breakdown below the range or a pullback could push toward around 111.050–111.150. If it rises toward around 111.550–111.650 and the upward movement strengthens, there is a possibility of moving up toward around 111.750–111.950.
● Scenario 2
After a decline to around 110.550–110.450, it will range or pull back. A breakdown below the range could push it toward around 110.350–110.250. A breakout above the range or a pullback could push it toward around 110.900–110.800. After a decline to around 110.350–110.250, it may again range or pull back near that area. A breakdown below the range could push toward around 110.150–110.050. A breakout above the range or a pullback could push toward around 110.700–110.600. If it falls toward around 110.150–110.050 and the downward movement strengthens, there is a possibility of moving down toward around 109.850–109.650.
If the 15-minute close breaks above 111.075, it will rise toward around 111.150–111.250, entering a range or a pullback. A breakout above the range could push it toward around 111.350–111.450. A breakdown below the range or a pullback could push it toward around 110.850–110.950. After rising toward around 111.350–111.450, it may again range or pull back near that area. A breakout above the range could push toward around 111.550–111.650. A breakdown below the range or a pullback could push toward around 111.050–111.150. If it rises toward around 111.550–111.650 and the upward movement strengthens, there is a possibility of moving up toward around 111.750–111.950.
● Scenario 2
After a decline to around 110.550–110.450, it will range or pull back. A breakdown below the range could push it toward around 110.350–110.250. A breakout above the range or a pullback could push it toward around 110.900–110.800. After a decline to around 110.350–110.250, it may again range or pull back near that area. A breakdown below the range could push toward around 110.150–110.050. A breakout above the range or a pullback could push toward around 110.700–110.600. If it falls toward around 110.150–110.050 and the downward movement strengthens, there is a possibility of moving down toward around 109.850–109.650.
Implied image of the rising trend scenario
Implied image of the falling trend scenario
Trading Using Indicators and Market Principles
DetailedStatement
× ![]()
