JPY Trading Outlook Archive

USDJPY Pivot: 124.1 Likely scenario: Long positions above 124.1 with targets @ 124.6 & 124.75 in extension. Alternative scenario: Below 124.1 look for further downside with 123.8 & 123.5 as targets. Comment: The RSI is mixed to bullish.

USDJPY Pivot: 123.8 Likely scenario: Long positions above 123.8 with targets @ 124.35 & 124.6 in extension. Alternative scenario: Below 123.8 look for further downside with 123.5 & 123.3 as targets. Comment: The RSI is mixed to bullish.  

USDJPY Pivot: 124.15 Likely scenario: Short positions below 124.15 with targets @ 123.75 & 123.5 in extension. Alternative scenario: Above 124.15 look for further upside with 124.35 & 124.6 as targets. Comment: The upward potential is likely to be limited by the resistance at 124.15…. Read more

USDJPY Pivot: 123.8 Likely scenario: Long positions above 123.8 with targets @ 124.25 & 124.6 in extension. Alternative scenario: Below 123.8 look for further downside with 123.5 & 123.3 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

USDJPY Pivot: 123.7 Likely scenario: Long positions above 123.7 with targets @ 124.25 & 124.4 in extension. Alternative scenario: Below 123.7 look for further downside with 123.5 & 123.3 as targets. Comment: The RSI is bullish and calls for further upside.

USDJPY Pivot: 123.3 Likely scenario: Long positions above 123.3 with targets @ 123.65 & 123.8 in extension. Alternative scenario: Below 123.3 look for further downside with 123 & 122.7 as targets. Comment: The RSI lacks downward momentum.

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 long… Read more

USDJPY Pivot: 123.65 Likely scenario: Short positions below 123.65 with targets @ 123 & 122.7 in extension. Alternative scenario: Above 123.65 look for further upside with 123.85 & 124.15 as targets. Comment: As long as 123.65 is resistance, look for choppy price action with a… Read more

  USDJPY Pivot: 123.85 Likely scenario: Short positions below 123.85 with targets @ 123.35 & 123.2 in extension. Alternative scenario: Above 123.85 look for further upside with 124.15 & 124.45 as targets. Comment: The RSI is mixed to bearish.

  USDJPY Pivot: 124.15 Likely scenario: Short positions below 124.15 with targets @ 123.7 & 123.55 in extension. Alternative scenario: Above 124.15 look for further upside with 124.45 & 124.7 as targets. Comment: As long as 124.15 is resistance, look for choppy price action with… Read more