JPY Trading Outlook Archive

USDJPY Pivot: 124.6 Likely scenario: Short positions below 124.6 with targets @ 124 & 123.75 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

USDJPY Pivot: 124.7 Our preference: Short positions below 124.7 with targets @ 124.05 & 123.8 in extension. Alternative scenario: Above 124.7 look for further upside with 125 & 125.3 as targets. Comment: As long as 124.7 is resistance, look for choppy price action with a… Read more

Medium Term Strategy: Forex Pair of the day USD/JPY – the upside prevails The pair has rebounded above the upper boundary of an Ascending Triangle. Moreover, the ascending 200-day moving average is coming in support and the daily RSI stands above its neutrality area. Therefore, as… Read more

USDJPY Pivot: 124.7 Likely Scenario: Short positions below 124.7 with targets @ 123.8 & 123.5 in extension. Alternative scenario: Above 124.7 look for further upside with 125 & 125.3 as targets. Comment: As long as 124.7 is resistance, expect a return to 123.8.  

USDJPY Pivot: 124.65 Likely Scenario: Long positions above 124.65 with targets @ 125.55 & 125.85 in extension. Alternative scenario: Below 124.65 look for further downside with 124.4 & 124.2 as targets. Comment: The RSI is well directed.

USDJPY Pivot: 124.4 Likely Scenario: Long positions above 124.4 with targets @ 125 & 125.2 in extension. Alternative scenario: Below 124.4 look for further downside with 124.2 & 124.05 as targets. Comment: The RSI is well directed.

USDJPY Pivot: 124.5 Likely scenario: Short positions below 124.5 with targets @ 124.05 & 123.85 in extension. Alternative scenario: Above 124.5 look for further upside with 124.85 & 125 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its… Read more

USDJPY Pivot: 124.5 Likely scenario: Long positions above 124.5 with targets @ 125 & 125.25 in extension. Alternative scenario: Below 124.5 look for further downside with 124.3 & 124.1 as targets. Comment: The RSI calls for a new upleg.

USDJPY Pivot: 124.45 Likely scenario: Long positions above 124.45 with targets @ 125 & 125.25 in extension. Alternative scenario: Below 124.45 look for further downside with 124.3 & 124.1 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

Medium Term Strategy: Forex Pair of the day USD/JPY – further advance The pair has rebounded above the upper boundary of an Ascending Triangle. Moreover, the ascending 200-day moving average is coming in support and the daily RSI stands above its neutrality area. Therefore, as… Read more