USD/JPY Intraday: capped by a negative trend line. Pivot: 121.15 Our preference: short positions below 121.15 with targets @ 120.65 & 120.3 in extension. Alternative scenario: above 121.15 look for further upside with 121.5 & 121.75 as targets. Comment: as long as 121.15 is resistance,… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (24-12-2015)
December 24, 2015Japanese Yen (JPY) Trading Outlook (23-12-2015)
December 23, 2015USD/JPY Pivot: 121.5 Our preference: short positions below 121.5 with targets @ 120.65 & 120.05 in extension. Alternative scenario: above 121.5 look for further upside with 122.15 & 122.6 as targets. Comment: as long as 121.5 is resistance, look for choppy price action with a… Read more
Japanese Yen (JPY) Trading Outlook (22-12-2015)
December 22, 2015USD/JPY Pivot: 121.75 Our preference: short positions below 121.75 with targets @ 120.85 & 120.55 in extension. Alternative scenario: above 121.75 look for further upside with 122.15 & 122.6 as targets. Comment: a break below 120.85 would trigger a drop towards 120.55. Supports and resistances:… Read more
Japanese Yen (JPY) Trading Outlook (21-12-2015)
December 21, 2015USD/JPY Pivot: 119.8 Our preference: long positions above 119.8 with targets @ 123.8 & 126 in extension. Alternative scenario: below 119.8 look for further downside with 118 & 116 as targets. Comment: a support base at 119.8 has formed and has allowed for a temporary… Read more
Japanese Yen (JPY) Trading Outlook (18-12-2015)
December 18, 2015USD/JPY Pivot: 122.1 Our preference: long positions above 122.1 with targets @ 123.05 & 123.5 in extension. Alternative scenario: below 122.1 look for further downside with 121.75 & 121.5 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent… Read more
Japanese Yen (JPY) Trading Outlook (17-12-2015)
December 17, 2015USD/JPY Intraday: bullish bias above 121.5. Pivot: 121.5 Our preference: long positions above 121.5 with targets @ 122.45 & 122.7 in extension. Alternative scenario: below 121.5 look for further downside with 121.2 & 120.9 as targets. Comment: the RSI is bullish and calls for further upside. Supports and… Read more
Japanese Yen (JPY) Trading Outlook (15-12-2015)
December 15, 2015USD/JPY Pivot: 121.35 Likely scenario: short positions below 121.35 with targets @ 120.55 & 120.15 in extension. Alternative scenario: above 121.35 look for further upside with 121.85 & 122.25 as targets. Comment: the RSI is mixed to bearish. Trade Now
Japanese Yen (JPY) Trading Outlook (11-12-2015)
December 11, 2015USD/JPY Pivot: 121.95 Likely scenario: short positions below 121.95 with targets @ 121 & 120.55 in extension. Alternative scenario: above 121.95 look for further upside with 122.45 & 122.7 as targets. Comment: the RSI is badly directed. Trade Now
Japanese Yen (JPY) Trading Outlook (10-12-2015)
December 10, 2015USD/JPY Pivot: 123 Likely scenario: short positions below 123 with targets @ 122.45 & 122.25 in extension. Alternative scenario: above 123 look for further upside with 123.2 & 123.5 as targets. Comment: the RSI is badly directed.
Japanese Yen (JPY) Trading Outlook (09-12-2015)
December 9, 2015USD/JPY Pivot: 122.9 Likley scenario: long positions above 122.9 with targets @ 123.2 & 123.55 in extension. Alternative scenario: below 122.9 look for further downside with 122.7 & 122.45 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its… Read more