Short Positions Below 1.096 With Targets @ 1.09 & 1.0865 In Extension. Pivot: 1.096Our preference: short positions below 1.096 with targets @ 1.09 & 1.0865 in extension.Alternative scenario: above 1.096 look for further upside with 1.099 & 1.101 as targets.Comment: as long as 1.096 is resistance, likely decline to 1.09.
Pivot: 36.9 above 36.9 look for further upside with 37.3 & 37.5 as targets. Comment: the RSI has just broken below a rising trend line.
Pivot: 1.081 Our preference: long positions above 1.081 with targets @ 1.086 & 1.0875 in extension. Comment: the RSI lacks downward momentum. The pair is supported by a rising trend line in place since Dec 18.
En 1.4715 Target 0.382 1.4801 Target 0.500 1.4828 Target 0.618 1.4855
Long Positions Above 0.724 With Targets @ 0.728 & 0.7315 In Extension. Pivot: 0.724 My preference: long positions above 0.724 with targets @ 0.728 & 0.7315 in extension. Alternative scenario: below 0.724 look for further downside with 0.7205 & 0.718 as targets. Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Estimated pivot point is at a level of 1.4794. Our opinion: Buy the pair from the correction above the level of 1.4794 with the target of 1.5240. Alternative scenario: Breakout and consolidation of the price below the level of 1.4794 will enable the pair to continue decline to the levels of 1.47 – 1.4650. Analysis: It is quite possible that the formation of the...
Price is currently 'trapped' in between two key levels, a 61.8 retracement level from the regular divergence setup; and the previous support structure level which also coincides with a 127.2 extension level. Fundamentally, the USDJPY should eventually go higher, with respect to the FED raising their interest rates; and the BoJ continuing with their Abenomics....
Short Positions Below 1.0945 With Targets @ 1.0845 & 1.0805 In Extension Comment: the RSI lacks upward momentum.
Pivot: 35.4 Mypreference: long positions above 35.4 with targets @ 36.9 & 37.35 in extension. Alternative scenario: below 35.4 look for further downside with 35 & 34.5 as targets. Comment: the RSI is mixed with a bullish bias.
Short Positions Below 1081.5 With Targets @ 1067 & 1059 In Extension. Pivot: 1081.5 My preference: short positions below 1081.5 with targets @ 1067 & 1059 in extension. Alternative scenario: above 1081.5 look for further upside with 1089 & 1094 as targets. Comment: as long as 1081.5 is resistance, look for choppy price action with a bearish bias.
Long Positions Above 0.734 With Targets @ 0.738 & 0.7415 In Extension.
EN 1.52293 Target 0.382 1.5154 Target 0.618 1.5110
EN 122.315 TAGET 121.859 Taget 121.570 Stop lost 122.573