Japan
EURJPY POSSIBLE SHORTS1) Daily resistance zone
2) Downside shifts in MA's
3) Previous/ most recent daily candle closed below resistance zone
, if zone holds + break of ascending trend line shorts to 113.847
4) If support at 113.847 fails to hold further shorts towards 112.354
( May see price pullback into 114.467 when 113.847 is reached to accumulate shorts to take out the 113.847 support level)
EurJpy Bullish Continuation for 280 PipsWe have witnessed in the recent week a beautiful and impulsive range/wedge breakout of the EurJpy. It led directly to the first downtrend line on the topside.
Market rushed down in recent days back to the breakout point and stalled.
I am seeing we are in for a bullish continuation of this multiweek range breakout towards the big downtrend line at around 117.10.
I am long @ 114.25 with a tight 50 pip stop and looking for a move to 117.10
USD/JPY Friendly breakdown, scenarios and entry strategyA breakdown of USD/JPY with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
USDJPYI THINK THE PAIR TAKE A CONSOLIDATION, THE USDJPY LOOK VERY EXHAUSTING FOR YOUR UPTREND IN THIS WEEK , IN THIS POINT I THINK THE PAIR TAKE CORRECTION TO SHORT BUT IN MY OPINION THIS CORRECTION DONT LOOK FOR A LONG TIME MAYBE THE PRICE TAKE 103.104 OR 102.60
AND IN THIS TIME FRAME I HOPE THE UJ GO UP FOR A FEW PIPS AND TAKE DE DOWN SIDE AND TAKE MAYBE 30 OR 60 PIPS DOWN
PLESE IF I LIKE THIS IDEA I HOPE YOU SHERE THIS AND LET ME KNOW YOUR OPINION
GJ SHORT IN PLAY JUST AN IDEA. GBP/JPY IS TRADING IN A CHANNEL AND HAS NOW TESTING THE CHANNEL RESISTANCE. I HAVE PLACED A SELL ORDER AT 135.70 WITH A TARGET OF 134.20 AND STOP ABOVE 136.60. LETS SEE HOW IT PLAYS OUT!
BULL NIKKEIAscending traingle and increasing RSI. Weakness in Yen will push Nikkei to test upper resistance.
USDJPYUPDATE: THE UJ GO TO GOOD POINT TO SELL IN THE 1HR CHART THE RICE GO TO 100.30 GOOD LEVEL BUT
THE PAIR TAKE A RESISTANCE AND THIS LEVEL DONT BREAK FOR MORE STRONG TO UPWARD,
IN A FEW HOURS IF THE PRICE BREAK THE SUPPORT THE UJ GO BACK TO LOW LEVEL 100.00 IN THIS POINT ANY TIMES THE PRICE BOUNCE BUT IF INT THIS TIME BREAK THIS SUPPORT THE USDJPY MAYBE GO TO LEVELS 99 , 97 OR 95 .
USDJPY the pair take a good down in the last hours in this moment your support is not breaking but if breaking the pair go to low levels for a days but if the support make your job the uj probably go to leves 101.00, 102.00 or 102.55
USDJPYTHE PAIR TAKE DOWN TO VERY GOOD PROFIT BUT IN THE NEXT HOURS THE PAIR GO DOWN FOR A FEW PIPS AND THEN TAKE A CORRECTION TO UPSIDE ND TAKE A GOOD BULLISH IN THE NEXT HOURS AND DAYS
POSSIBLE LEVELS
101.00 101.556, 102,000
Japan is testing a strong daily support zonePrevious trend line (should act as support) and 3 MA lines will try to support $EWJ breakout attempt
If that breakout is real EWJ should bounce from here higher
If it'll close below the 200 days MA line - BOOM! Crash and burn..
Tomer, The MarketZone
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Nikkei 225 Moving Higher!Nikkei 225 index has been in a correction and is not moving higher to test the upper trendline.. If broken above it could go higher toward 20000 levels or probably move down and correct further.. Expect current rally to carry further till 17600 levels for the time being. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
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USDJPY Long PositionPotential long position as trend begins bullish movement towards daily resistance. However, whether the trend breakouts the resistance or not is dependent on tomorrow's economic news in Japan
Long USDJPY following Shinzo AbeFollowing the additional stimulus of over 20 trillion yen announced early today by Shinzo Abe, I think that investor sentiment in the Japanese economy will be largely boosted, causing increased long positions in this pair, pushing up the price.
Why now and why 110 yen?
There has been a lot of choppy behaviour based mostly on structural moves recently, and I think that this announcement will be enough to break it out of this state.
Buy now because this is at a pullback point following the initial post-announcement rally.
110 is for me a bit of a psychological point on this pair, as it hung around that point for a while on its descent earlier in the year. This for me is a good target.
Long USDJPY - 2HR Chart - Elliot WaveElliot wave analysis of 2hr usdjpy chart. new impulse following correction.
USDJPY POSSSIBLE NEW SWING LOW!?1) Multiple price rejections for further upside @ resistance level 104.987
2) A Break of trend line & break of support zones 103.5352 & 103.358 will warrant shorts.
3) Target 1 @ 101.043
4) Target 2 @ 98.764
We may possibly see a new swing low if 98.764 is taken out
as on higher time frames the pair has been making lower highs & lows consecutively.
Is the GBPJPY in a downtrend and should I short?With the Japanese Yen looking very strong right now and the GBP looking bearish you can see a downtrend has formed in the GBPJPY weekly chart. Right now it seems as if it is in phase two of the downtrend cycle.
I personally would be wary about the fundamentals, as some news are to be released related to JPY and GBP throughout this week. I would look to short GBPJPY following the trend on phase 1.
Bullish Pennant Trend Continuation Pattern formed (15% gain)Bullish Pennant Trend Continuation Pattern formed, entry signal should open after Pokemongo Japan launch within this month.
CAD/JPY - Approach with cautionWill be looking to take a short position on CAD/JPY due to the following reasons:
- 4th descending trendline touch
- Bounce of 50 EMA
- LH & LL have been made
Trade safe
