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JPY Trading Outlook Archive

Japanese Yen (JPY) Trading Outlook (10-07-2015)

July 10, 2015

USDJPY Pivot: 121.5 Likely scenario: Long positions above 121.5 with targets @ 122.2 & 122.6 in extension. Alternative scenario: Below 121.5 look for further downside with 121.2 & 120.9 as targets. Comment: The RSI lacks downward momentum.  

Japanese Yen (JPY) Trading Outlook (09-07-2015)

July 9, 2015

USDJPY Pivot: 121.5 Likely scenario: Short positions below 121.5 with targets @ 120.4 & 120 in extension. Alternative scenario: Above 121.5 look for further upside with 121.95 & 122.6 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its… Read more

Japanese Yen (JPY) Trading Outlook (08-07-2015)

July 8, 2015

USDJPY Pivot: 122.9 Likely scenario: Short positions below 122.9 with targets @ 121.83 & 121.4 in extension. Alternative scenario: Above 122.9 look for further upside with 123.35 & 123.7 as targets. Comment: As long as the resistance at 122.9 is not surpassed, the risk of… Read more

Japanese Yen (JPY) Trading Outlook (07-07-2015)

July 7, 2015

USDJPY Pivot: 122.9 Likely scenario: Short positions below 122.9 with targets @ 122.15 & 121.83 in extension. Alternative scenario: Above 122.9 look for further upside with 123.35 & 123.7 as targets. Comment: The upward potential is likely to be limited by the resistance at 122.9.

Japanese Yen (JPY) Trading Outlook (06-07-2015)

July 6, 2015

USDJPY Pivot: 122.9 Likely scenario: Short positions below 122.9 with targets @ 121.83 & 121.4 in extension. Alternative scenario: Above 122.9 look for further upside with 123.35 & 123.7 as targets. Comment: As long as 122.9 is resistance, likely decline to 121.83.  

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