JPY Trading Outlook Archive

USDJPY Pivot: 118.6 Likely scenario: Long positions above 118.6 with targets @ 119.55 & 119.9 in extension. Alternative scenario: Below 118.6 look for further downside with 118.05 & 117.75 as targets. Comment: The RSI is well directed.

Medium Term Strategy: Forex Pair of the day USD/JPY – under pressure The pair has broken below the lower boundary of the triangle pattern and is shaping a triangle pattern. Moreover, the daily RSI stands below its neutrality area. Then, further weakness is likely with… Read more

USDJPY Pivot: 119.55 Likely scenario: Short positions below 119.55 with targets @ 118.55 & 118.25 in extension. Alternative scenario: Above 119.55 look for further upside with 119.9 & 120.1 as targets. Comment: As long as 119.55 is resistance, look for choppy price action with a… Read more

USDJPY Pivot: 119.9 Likely scenario: Short positions below 119.9 with targets @ 119.45 & 119.2 in extension. Alternative scenario: Above 119.9 look for further upside with 120.1 & 120.35 as targets. Comment: As long as 119.9 is resistance, look for choppy price action with a… Read more

USDJPY Pivot: 120.35 Likely scenario: Short positions below 120.35 with targets @ 119.65 & 119.45 in extension. Alternative scenario: Above 120.35 look for further upside with 120.6 & 120.9 as targets. Comment: The RSI is badly directed.

USDJPY Pivot: 120.1 Likely scenario: Short positions below 120.1 with targets @ 119.45 & 119.2 in extension. Alternative scenario: Above 120.1 look for further upside with 120.35 & 120.6 as targets. Comment: The RSI lacks upward momentum.

USDJPY Pivot: 120.35 Likely scenario: Short positions below 120.35 with targets @ 119.75 & 119.45 in extension. Alternative scenario: Above 120.35 look for further upside with 120.6 & 120.9 as targets. Comment: As long as 120.35 is resistance, look for choppy price action with a… Read more

Medium Term Strategy: Forex Pair of the day USD/JPY – shaping a triangle The pair has broken below a rising trend line and is shaping a triangle pattern as the moving averages are turning down. Further weakness is therefore expected with 116 as a first target… Read more

USDJPY  Pivot: 120.2 Likely scenario: Short positions below 120.35 with targets @ 119.75 & 119.45 in extension. Alternative scenario: Above 120.35 look for further upside with 120.6 & 120.9 as targets. Comment: The RSI advocates for further downside.

USDJPY Pivot: 120.1 Likely scenario: Long positions above 120.1 with targets @ 120.65 & 120.9 in extension. Alternative scenario: Below 120.1 look for further downside with 119.8 & 119.45 as targets. Comment: The RSI is mixed to bullish.