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USDJPY Warming up for a stop run and then DUMPThe Samurai are planning a surprise attack on Dixie. So we have: - A few highs resting just below a significant breaker (or just plain broken support that should now be resistance), creating a liquidity pool just above them (everyone who went short around this level now probably has their stops above that high. - Void left by the inefficient move down - Confluence with DXY since it broke some lows recently, making it more bearish. - The breaker I outlined above falls right on the .705 fib retracement for this whole move. This makes it a perfect candidate for a short play once it reaches that .705 level. I can see two targets here with decent R/R ratios, marked on the chart.
Short
by UnknownUnicorn3664665
Nikkei 225 set for Long moveIts been a while since I published. Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days. With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play. This current level is perfect to catch the wave, with previous High being high probability TP. Price Action Pmlani thePeoplesTrader
TVC:NI225Long
by PriceActionPmlani
Japanese stocks beginning to moveToday’s session saw the Nikkei close above 23,000 for the first time since the January sell-off. The chart below shows the Nikkei well positioned for a rally. Note: a) 3 higher lows b) the index on the right side of a long-term uptrend, and c) the first close higher above a 7 month resistance (the break). This specific setup offers a good risk-reward: Entry now at 23,100 with a stop-price at 22,000 -last swing higher- for just a 5% risk. Data based on Japan's Ministry of Finance data, and compiled by CLSA, shows the profitability of corporate Japan surging to its highest level since comparable data started being compiled in 1954. Growing data shows that Japan — in the face of a permanently bearish view of Japan’s demographics, high public debt and historically weak corporate governance — is midway through a historic turnaround in productivity and corporate return on equity. That view, said Morgan Stanley in a report published this week “puts us strongly against the consensus opinion that Japan should remain a structural underweight in global equity portfolios”.
TVC:NI225Long
by MVedra
USDJPY SHOWING STRONG SHORT-TERM UPWARDS PATTERN.Take a look this highly interesting bullish pattern . Almost all critical indicators are showing a bullish pattern . RSI (14) Value = 59.9 <---- Buy Signal STOCHRSI(14) Value = 84.4 <--- Buy Signal (Though overbought) CCI (14) Value = 116.45 <--- Buy Signal Oscillator Value = 56.4 <--- Buy Signal Roc Value 0.09 <--- Buy Signal Bull/Bear Power(13) Value = 0.1 <-- Buy signal Only one indicator I have looked at is showing that USDJPY is neutral, which is a HUGE sign, minimal risk in this chart. ( MACD value = 0.060 , Neutral, but slightly more a buy than sell signal.) Have a great day and follow me for daily analyses!
by Ticcr
Let's keep an eye on the japanese economy :)If no giant sea monster invades the land, their stock market has a shot at going back to ath. Right now we are fighting this very important - actually much more important than ath - resistance, but we can see there is bearish divergence on the monthly chart. And there are many reasons as to why we do not go up. A correction is necessary and I think will happen in the next few months. But after this has happened, when for example the US economy collapses and investors pull their money out and want to put it elsewhere, it is possible they send it over to Japan. If I were to invest in the next year(s) this is what I would do. Pick solid companies there and let's goooooo! Buy early in the market cycle thing. I wonder how dividends are? So many people love pokemon giant robots and lizards, anime etc, Japanese foods but no one loves the Japan stocks. How much investors put into jp stock should be proportional to how much they take of the culture? If USA is 100 culture and 50 stock, and Japan is 50 culture, it should be 25 stock right? They are certainly not as undervalued as below 10.000 points at the extreme of the selling, but once that level is beaten in a few months, very quick growth is possible. The thrill euphoria phases go fast. Just get in early but not too early in other words, unless you want to wait 15 years. I think I will take a look in a couple of months. This will take a long time for sure.
TVC:NI225
by MrRenev
1
USDJPY. Update of November chart. Target 118.60-125.00Back in November 2017 I posted the idea titled "USDJPY. Possible wave count. SeeSaw" (see related). The price was shaping the junction of wave B of ABC correction, which still emerges in this pair. Last update was done this February where I showed the possible area of wave B completion around 104.25. The price reached 104.60 area and reversed. I post this update as price broke out of the downtrend wave B around 112 level and now we can see how wave C emerges. It could be fast as it should be for wave C. Now you can check the power of the trends as I added white uptrend to show you where wave C could hit being equal to wave A. It was marked as target 2 at the 125 level - amazing gain it could bring us. This level corresponds with a multi-year top. Before that there is a target 1 at the 118.60 level as here is a former top of wave A, which could be a strong barrier for the up move. Invalidation is below 108.10
Long
by aibek
USDJPY Rejecting triangle break to New HighsUSDJPY Rejecting triangle break to New Highs The bullish divergence of the relative strength index (RSI), as seen in the hourly chart, indicates the pair could take out falling wedge resistance in the next couple of hours. Falling wedge bull reversal, if confirmed, would allow a stronger rally toward 111.13 (50-hour moving average). The bulls need progress soon as the pair is already trading below the all-important 50-day moving average of 110.88. A daily close below that level would confirm a bull-to-bear trend change, that is, the rally from the March low of 104.63 has ended. Spot Rate: 110.81 Daily High: 111.00 Daily Low: 110.71 Trend: Bullish above 110.87 (wedge resistance) Resistance R1: 110.87 (top end of the wedge) R2: 111.13 (50-hour moving average) R3: 111.30 (10-day moving average)
Long
by hilofibo
USDJPY- yen broke a key level - Now testing a 4 Month Trendline. - 4 Month Trendline has been tested twice in the past and bounced off, maybe bounce number 3? - I will be happy to allocate long/short, off these levels. Somethings of note: -the BOJ uses JGB's Targeting in its monetary policy. My theory is that when you see out-sized moves in JGB's, its indicative of a change in monetary stance. Hence what affects currency affects bonds and vice versa. - I also find the relationship of DXY and USDJPY interesting. This has been occurring since March. One would normally associate USDJPY weakness as you see DXY Strength.
by cgd
Bitcoin Today: arigato to JapanPrice Bitcoin did not manage to show higher volumes and hold above the 6650.0 and felt down this morning to the 6300.0 level. Though the volumes did show up in the 6000 – 6400 zone, as it is a supportive zone, the more Bitcoin testing it - the less support this zone will provide. For now, we are hanging at the 6300.0 level and waiting if traders will pick it up or leave it for the next weekends there. Overall the technical picture looks negative, as the longer the price stays in the 6000 – 6400 zone the higher possibility of further declines. A come back above the 6650.0 level with high volumes would be the only positive sign that could save the day. Latest news Japanese largest exchange bitFlayer suspends registration Bitcoin prices fell more than 5 percent on Friday after a regulatory agency in Japan ordered several cryptocurrency exchanges to review their business practices. The digital currency traded at 6300 around 09:00 UTC, breaking below 6400 for the first time in about a week. The order from Japan's Financial Services Agency, led bitFlyer — the largest crypto exchange in Japan — to suspend the creation of new accounts while it makes improvements to its business, especially as it pertains to its money-laundering measures.
BITFINEX:BTCUSD
by DestinationMoonCrypto
Nikkei 225: 7th June AnalysisMONTHLY CHART Price clearly uptrending, strong support at 21k, clearly rejected at 24k. Needs to create a solid area of resistance there, so expecting price to go up there and test if this level is really a relevant resistance level. 21k also a fib respectation, so decent support to range between those levels for a while (potentially) Conclusion: View is definitely bullish, but rejections mean a potential drawdown on its way. WEEKLY CHART Nice support and channel lines lining up to an area of potential support. View on this is neutral/bearish, needs to test that 21k level for further upside move. Conclusion: View is slightly bearish because of this sell off, looks like it already found bottom. Besides that, stay neutral. DAILY CHART Falling wedge broke out, structure is bearish on this one, expecting a move down. Maybe test the highs one more time. Conclusion: Bearish on this timeframe. Clear downtrend starting, looking for a test of the lows now, which is 22k. 4 HOUR CHART Steap move up, too steap to hold so it'll probably slow down in momentum and change direction here.
OANDA:JP225USD
by VanSteenMarketResearch