JPY Trading Outlook Archive

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 upward potential is likely to be limited by the resistance at 119.7.

USDJPY Pivot: 120.2 Likely scenario: Short positions below 120.2 with targets @ 118.85 & 118.4 in extension. Alternative scenario: Above 120.2 look for further upside with 120.65 & 121.05 as targets. Comment: The RSI is bearish and calls for further downside.

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 is badly directed and… Read more

USDJPY Pivot: 119.2 Likely scenario: Long positions above 119.2 with targets @ 120.65 & 121.05 in extension. Alternative scenario: Below 119.2 look for further downside with 118.85 & 118.35 as targets. Comment: The RSI is well directed.

USDJPY Pivot: 122.35 Likely scenario: Short positions below 122.35 with targets @ 120.4 & 120 in extension. Alternative scenario: Above 122.35 look for further upside with 123.1 & 123.5 as targets. Comment: The RSI is badly directed.

Medium Term Strategy: Forex Pair of the day USD/JPY – pulling back The pair is pulling back on the lower boundary of continuation triangle pattern. Moreover, the ascending 200-day moving average is coming in support and the daily RSI is approaching its oversold area. Therefore, as… Read more

USDJPY Pivot: 123.65 Likely scenarios: Short positions below 123.65 with targets @ 122.75 & 122.35 in extension. Alternative scenario: Above 123.65 look for further upside with 124 & 124.2 as targets. Comment: The RSI has broken down its 30 level.

USDJPY Pivot: 124.15 Likely scenario: Short positions below 124.15 with targets @ 123.65 & 123.45 in extension. Alternative scenario: Above 124.15 look for further upside with 124.6 & 125 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its… Read more

USDJPY Pivot: 124.6 Likely scenario: Short positions below 124.6 with targets @ 124.15 & 124 in extension. Alternative scenario: Above 124.6 look for further upside with 125 & 125.3 as targets. Comment: As long as 124.6 is resistance, look for choppy price action with a… Read more

USDJPY Pivot: 124.6 Likely scenario: Short positions below 124.6 with targets @ 124.2 & 124 in extension. Alternative scenario: Above 124.6 look for further upside with 125 & 125.3 as targets. Comment: As long as the resistance at 124.6 is not surpassed, the risk of… Read more