JPY Trading Outlook Archive

  USDJPY Pivot: 123.85 Likely scenario: Long positions above 123.85 with targets @ 124.25 & 124.5 in extension. Alternative scenario: Below 123.85 look for further downside with 123.55 & 123.35 as targets. Comment: The RSI is mixed to bullish.  

  USDJPY Pivot: 124 Likely scenario: Short positions below 124 with targets @ 123.35 & 123.15 in extension. Alternative scenario: Above 124 look for further upside with 124.25 & 124.5 as targets. Comment: The RSI has broken down its 30 level.  

  USDJPY Pivot: 123.9 Likely scenario: Long positions above 123.9 with targets @ 124.6 & 124.9 in extension. Alternative scenario: Below 123.9 look for further downside with 123.7 & 123.35 as targets. Comment: The RSI is supported by a rising trend line.

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 has reversed up above its oversold area…. Read more

USDJPY Pivot: 123.9 Likely scenario: Long positions above 123.9 with targets @ 124.35 & 124.6 in extension. Alternative scenario: Below 123.9 look for further downside with 123.7 & 123.35 as targets. Comment: The RSI is supported by a rising trend line.

USDJPY Pivot: 123.6 Likely scenario: Long positions above 123.6 with targets @ 124.35 & 124.6 in extension. Alternative scenario: Below 123.6 look for further downside with 123.35 & 122.85 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

  USDJPY Pivot: 123.35 Likely scenario: Long positions above 123.35 with targets @ 124 & 124.35 in extension. Alternative scenario: Below 123.35 look for further downside with 122.85 & 122.4 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its… Read more

USDJPY Pivot: 122.85 Likely scenario: Long positions above 122.85 with targets @ 123.75 & 124 in extension. Alternative scenario: Below 122.85 look for further downside with 122.4 & 122 as targets. Comment: The RSI is well directed.  

  USDJPY Pivot: 122.85 Likely scenario: Long positions above 122.85 with targets @ 123.75 & 124 in extension. Alternative scenario: Below 122.85 look for further downside with 122.4 & 122 as targets. Comment: The RSI is well directed.

Medium Term Strategy: Forex Pair of the day USD/JPY – further advance The pair completed a pullback towards the upper boundary of an Ascending Triangle. Moreover, the ascending 200-day moving average is coming in support and the daily RSI has reversed up above its oversold… Read more