2018.12.21 FX-ON投稿時刻 00:00 Dollar/Yen price movement forecast and scenario
Today’s USD/JPY Forecast: Building a Scenario for USD/JPY Price Movement
It looks like USD/JPY is turning higher due to a rally in the Dow.If the price action clears the trigger at the early stage of the uptrend, a double bottom seems likely to complete.
<2018.12.20 06:00 Newsletter Distribution>
● Scenario 1
If the price closes above 112.617 on the 15-minute chart, it could rise toward around 112.750–112.850, entering a range or a pullback. A break above the range could push toward around 112.950–113.050. A break below the range or a pullback could push toward around 112.450–112.550. After rising to around 112.950–113.050, it may hover or retrace around that level again. If it breaks higher from the range, it could rise toward around 113.150–113.250. A break below the range or a pullback could push toward around 112.650–112.750. If the price moves up to around 113.150–113.250 and the upside momentum strengthens, it could rise toward around 113.400–113.600.
● Scenario 2
If it breaks below 112.082, it could fall toward around 112.000–111.900, entering a range or a pullback. A break below the range could push toward around 111.750–111.650. A break above the range or a pullback could rise toward around 112.300–112.200. After falling to around 111.750–111.650, it may again hover or retrace around that area. A break below the range could push toward around 111.500–111.400. A break above the range or a pullback could rise toward around 112.100–112.000. After falling to around 111.500–111.400, the price may enter a range.
Imagery of the Uptrend Scenario
Imagery of the Downtrend Scenario

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