Sample Category Title

Pivot (invalidation): 1.2930

Our preference Long positions above 1.2930 with targets at 1.2980 & 1.3000 in extension.

Alternative scenario Below 1.2930 look for further downside with 1.2905 & 1.2880 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 0.9630

Our preference Long positions above 0.9630 with targets at 0.9700 & 0.9725 in extension.

Alternative scenario Below 0.9630 look for further downside with 0.9605 & 0.9575 as targets.

Comment The RSI is bullish and calls for further advance.

BoJ Governor Haruhiko Kuroda said today that the central bank is now at a stage that the benefits and side-effects of the ultra-loose monetary policy must be considered in a "balanced manner". He pointed to strengthening in the recovery and pickup in wages and prices. But he also echoed the July meeting minutes that it takes more time than expected to achieve the 2% inflation target.

Kuroda added that "under such a fairly complex economic and price situation, monetary policy must take into account various developments in a comprehensive manner". And, "this means that, in continuing with powerful monetary easing, we now need to consider both its positive effects and side-effects in a balanced manner."

Meanwhile, he maintained the pledge that "BOJ will continue to make its utmost efforts to firmly support corporate activity, taking into account economic, price and financial developments."

Pivot (invalidation): 112.65

Our preference Long positions above 112.65 with targets at 113.00 & 113.15 in extension.

Alternative scenario Below 112.65 look for further downside with 112.50 & 112.35 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 1.3135

Our preference Short positions below 1.3135 with targets at 1.3090 & 1.3060 in extension.

Alternative scenario Above 1.3135 look for further upside with 1.3170 & 1.3205 as targets.

Comment A break below 1.3090 would trigger a drop towards 1.3060.

Pivot (invalidation): 1.1760

Our preference Short positions below 1.1760 with targets at 1.1720 & 1.1700 in extension.

Alternative scenario Above 1.1760 look for further upside with 1.1775 & 1.1795 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 2929.75

Our preference Short positions below 2929.75 with targets at 2910.00 & 2893.00 in extension.

Alternative scenario Above 2929.75 look for further upside with 2941.00 & 2950.50 as targets.

Comment The RSI is mixed with a bearish bias.

Pivot (invalidation): 12430.00

Our preference Short positions below 12430.00 with targets at 12325.00 & 12260.00 in extension.

Alternative scenario Above 12430.00 look for further upside with 12460.00 & 12530.00 as targets.

Comment The RSI shows downside momentum.

Pivot (invalidation): 71.65

Our preference Long positions above 71.65 with targets at 72.75 & 73.10 in extension.

Alternative scenario Below 71.65 look for further downside with 70.90 & 70.50 as targets.

Comment Technically the RSI is above its neutrality area at 50.

Pivot (invalidation): 14.1800

Our preference Long positions above 14.1800 with targets at 14.2800 & 14.3500 in extension.

Alternative scenario Below 14.1800 look for further downside with 14.1300 & 14.0700 as targets.

Comment The next resistances are at 14.2800 and then at 14.3500.