Japanese Yen Trading OUTLOOK
YUK (USD/JPY): further USD decline expected
Pivot: 81.10
Our forecast: Down move towards 78.25 or even 77.00.
Comment: The pair has broken below a support area and it is approaching its previous low. The RSI is badly directed.
To leverage our Trend Opinion on Japanese Yen, we can use different options :
1. Buy YUK Aug 11 79 PUT
2. Buy YUK Aug 11 78.5 PUT
3. Buy YUK Sep 11 78.5 PUT
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