Main Scenario: Short-term expectation as long as it remains below 190.05 NEGATIVE!
Target Expectation: 108,28 – 107,80 – 107,25
Considerations Supporting The Scenario: As of May 31, 2019, USDJPY has been under pressure at 109.05 level each time. Also, the positive outlook may lose power because the RSI and MACD indicators are in overbought zones.
Alternative Scenario: If the level of 109.05 is raised, the short-term expectation will change POSITIVELY.
Alternative Target Expectation: 109,73 – 110,27 – 110,67
Critical News of the Day: You can reach the most important economic news of the day for USDJPY parity prices below.
- US Gross Domestic Product (GDP) and Core Personal Consumption Expenditures.