JPY Trading Outlook Archive

USDJPY  Pivot: 119.45 Likely scenario: Long positions above 119.45 with targets @ 120.35 & 120.65 in extension. Alternative scenario: Below 119.45 look for further downside with 119.2 & 118.8 as targets. Comment: The RSI is mixed to bullish.

USDJPY  Pivot: 120 Likely scenario: Short positions below 120 with targets @ 119.2 & 119 in extension. Alternative scenario: Above 120 look for further upside with 120.35 & 120.65 as targets. Comment: The pair remains within a bearish channel.

USDJPY  Pivot: 119.8 Likely scenario: Long positions above 119.8 with targets @ 120.55 & 121 in extension. Alternative scenario: Below 119.8 look for further downside with 119.45 & 119.2 as targets. Comment: The RSI is well directed.

USDJPY  Pivot: 119.6 Likely scenario: Long positions above 119.6 with targets @ 120.55 & 121 in extension. Alternative scenario: Below 119.6 look for further downside with 119.35 & 119 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

USDJPY  Pivot: 120.1 Likely scenario: Long positions above 120.1 with targets @ 120.75 & 121 in extension. Alternative scenario: Below 120.1 look for further downside with 119.7 & 119.35 as targets. Comment: The 50-period intraday MA is providing support.

USDJPY  Pivot: 120.3 Likely scenario: Long positions above 120.3 with targets @ 120.95 & 121.25 in extension. Alternative scenario: Below 120.3 look for further downside with 120.1 & 119.75 as targets. Comment: The RSI advocates for further upside.

USDJPY  Pivot: 119.8 Likely scenario: Long positions above 119.8 with targets @ 120.65 & 120.95 in extension. Alternative scenario: Below 119.8 look for further downside with 119.35 & 118.85 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

USDJPY  Pivot: 120.4 Likely scenario: Long positions above 120.4 with targets @ 121.3 & 121.75 in extension. Alternative scenario: Below 120.4 look for further downside with 119.9 & 119.6 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is… Read more

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 then faced a pull back ahead of further weakness below the moving averages. Moreover, the daily RSI stands below its neutrality… Read more

USDJPY  Pivot: 119.7 Likely scenario: Short positions below 119.7 with targets @ 118.55 & 117.8 in extension. Alternative scenario: Above 119.7 look for further upside with 120.2 & 120.65 as targets. Comment: The RSI is bearish and calls for further downside.