JPY Trading Outlook Archive

USD/JPY Pivot: 122.9 Likley scenario: long positions above 122.9 with targets @ 123.55 & 123.75 in extension. Alternative scenario: below 122.9 look for further downside with 122.7 & 122.45 as targets. Comment: the RSI is well directed. Trade Now    

Medium Term Strategy: Forex Pair of the day USD/JPY – the upside prevails The pair has broken above a ST declining trend line and rmains supported by its rising moving averages. Further advance is therefore likely with a first target set at 126 (June top). A… Read more

Medium Term Strategy: Forex Pair of the day USD/JPY – further advance The pair has broken above a ST declining trend line and above the strong horizontal resistance at 122 and now stands above its moving averages. Further advance is therefore likely with a first target… Read more

Medium Term Strategy: Forex Pair of the day USD/JPY – rebound The pair has broken above a ST declining trend line and above the strong horizontal resistance at 122 and now stands above its moving averages. Further advance is therefore likely with a first target set… Read more

Medium Term Strategy: Forex Pair of the day USD/JPY – under pressure The pair has broken below a rising trend line in place since November 2014 and is posting a pull back on the strong horizontal resistance at 122. Moreover, the daily is reversing down. Then,… Read more

USDJPY Pivot: 120 Likely scenario: Long positions above 120 with targets @ 121 & 121.25 in extension. Alternative scenario: Below 120 look for further downside with 119.55 & 119.2 as targets. Comment: The RSI is mixed to bullish.

USDJPY Pivot: 119.55 Likely scenario: Long positions above 119.55 with targets @ 120.15 & 120.35 in extension. Alternative scenario: Below 119.55 look for further downside with 119.2 & 118.9 as targets. Comment: The pair has broken above a bullish triangle pattern and remains on the… Read more

USDJPY Pivot: 119.15 Likely scenario: Long positions above 119.15 with targets @ 119.65 & 119.9 in extension. Alternative scenario: Below 119.15 look for further downside with 118.9 & 118.6 as targets. Comment: Technically the RSI is above its neutrality area at 50.

USDJPY Pivot: 118.9 Likely scenario: Long positions above 118.9 with targets @ 119.65 & 119.9 in extension. Alternative scenario: Below 118.9 look for further downside with 118.6 & 118.05 as targets. Comment: The RSI is well directed.