Sample Category Title

Pivot (invalidation): 2670.00

Our preference Short positions below 2670.00 with targets at 2628.00 & 2600.00 in extension.

Alternative scenario Above 2670.00 look for further upside with 2688.00 & 2721.00 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 11150.00

Our preference Long positions above 11150.00 with targets at 11320.00 & 11370.00 in extension.

Alternative scenario Below 11150.00 look for further downside with 11065.00 & 11000.00 as targets.

Comment The RSI is bullish and calls for further advance.

BoJ is sometimes described as doing "stealth tapering" in slowing down its asset purchases. But Governor Haruhiko Kuroda told the parliament that the slowdown in purchases is different from Fed's tapering.

He said "the Fed's tapering is conducted intentionally and in several stages, as part of a normalization of monetary policy." However, "the slowdown in our government bond buying is different from the Fed's tapering".

Also Kuroda reiterated the message that there is no need to take additional easing. Instead, BoJ would maintain the current program patiently as it takes time to lift inflation to target.

Pivot (invalidation): 5.3400

Our preference Short positions below 5.3400 with targets at 5.3000 & 5.2730 in extension.

Alternative scenario Above 5.3400 look for further upside with 5.3670 & 5.3960 as targets.

Comment The upward potential is likely to be limited by the resistance at 5.3400.

Pivot (invalidation): 0.7275

Our preference Short positions below 0.7275 with targets at 0.7225 & 0.7200 in extension.

Alternative scenario Above 0.7275 look for further upside with 0.7300 & 0.7320 as targets.

Comment The RSI calls for a drop.

Pivot (invalidation): 1.3255

Our preference Short positions below 1.3255 with targets at 1.3200 & 1.3175 in extension.

Alternative scenario Above 1.3255 look for further upside with 1.3280 & 1.3300 as targets.

Comment The RSI advocates for further downside.

Pivot (invalidation): 0.9930

Our preference Long positions above 0.9930 with targets at 0.9960 & 0.9990 in extension.

Alternative scenario Below 0.9930 look for further downside with 0.9900 & 0.9880 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Pivot (invalidation): 112.85

Our preference Long positions above 112.85 with targets at 113.20 & 113.40 in extension.

Alternative scenario Below 112.85 look for further downside with 112.65 & 112.30 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Pivot (invalidation): 1.2815

Our preference Short positions below 1.2815 with targets at 1.2760 & 1.2720 in extension.

Alternative scenario Above 1.2815 look for further upside with 1.2850 & 1.2880 as targets.

Comment A break below 1.2760 would trigger a drop towards 1.2720.

Pivot (invalidation): 1.1375

Our preference Long positions above 1.1375 with targets at 1.1405 & 1.1425 in extension.

Alternative scenario Below 1.1375 look for further downside with 1.1355 & 1.1320 as targets.

Comment The RSI has just landed on its neutrality area at 50% and is turning up.