USD/JPY (United States Dollar/Japanese Yen) Forecast Accuracy and Future Trends (Point and Figure)
2-hour chart 0.05 standard frame P&F chart
2-hour chart 0.05 standard frame P&F chart (low price forecast rate)
2-hour chart 0.05 standard frame P&F chart (high price forecast rate)
USD/JPY isUSDJPY December 18 adjustment targetposted forecast "116.444 yen around is expected to be the downside target of this adjustment phase" which was nearly correct, and after falling to 116.54 yen on 12/20 it rebounded.
As for future predictions, as shown above, a downside signal was generated in the 2-hour 0.05 frame points and figures, but the target 117.301 was reached last night.
If the close price reaches 117.75 yen or more, an upside signal will be generated; if it records below 117.15, a downside signal will be generated.
If the close price reaches 117.75 yen or more, an upside signal will be generated; if it records below 117.15, a downside signal will be generated.
Rather than the possibility of going up, it is expected that it will rise first, so assuming a close price of 117.75 yen or higher
Calculation method for the predicted rate (price) using the assumed rate based on Points & Figures
Calculation method for the predicted rate (price) using the assumed rate based on Points & Figures
When calculating the upside target using this function, the maximum target is calculated to be 118.316 yen, and it seems likely that the upside will be restrained near the recent high of around 118.241 yen.
Also, if we assume a price below 117.15, the downside target is calculated to be 116.727 yen.
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