11:29 GMT - 07:29 NYT - Monday, January 24, 2011
Japanese Yen Trading OUTLOOK
YUK (USD/JPY): USD decline expected
Pivot: 84.70
Our forecast: Down move towards 80.40 or even 79.30.
Comment: The pair stands below its new resistance and should face a further weakness as the RSI is badly directed.
To leverage our Trend Opinion on Japanese Yen, we can use different options :
1. Buy YUK Mar 11 82.5 PUT
1. Buy YUK Mar 11 84 PUT
1. Buy YUK Jun 11 80.5 PUT
Japanese Yen Trading OUTLOOK
YUK (USD/JPY): USD decline expected
Pivot: 84.70
Our forecast: Down move towards 80.40 or even 79.30.
Comment: The pair stands below its new resistance and should face a further weakness as the RSI is badly directed.
To leverage our Trend Opinion on Japanese Yen, we can use different options :
1. Buy YUK Mar 11 82.5 PUT
1. Buy YUK Mar 11 84 PUT
1. Buy YUK Jun 11 80.5 PUT
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