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Japaneseyen

Japanese Yen has left wedge and can continue to move upwardsHello traders, I want to share with you my opinion about Japanese Yen. Looking at the graph, we can see how the Japanese yen formed the seller zone 137.40-137.90, which it re-tested and began to decline. The price continued to decline, broke through the support level 131.65 and over time was created a downward wedge. After several failed attempts to break through support line of wedge, the price has risen to a resistance level that coincide with support line of wedge. We see that after a small correction, the price continued to rise, broke through the resistance line of wedge and level 131.65. Currently, the price is above the current support level, but can go down, and retest it. I think that price can continue to move up and break through resistance area. So I set targets for Japanese Yen in zone 132.65-133.00 and at resistance level 133.85. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
HelenP I Japanese Yen can to rise resistance level 132.95Hi folks, today I'm prepared for you JAPANESE YEN analytics. After a fake breakdown of the resistance zone, the Japanese Yen re-tested it and began to fall. The declining price formed impulse waves of Elliott. So far, the price has already completed the 5th impulse wave of Elliott and began to rise, creating a support zone 130.50-129.50. The Japanese yen made a small correction, tested the support zone, and increased. Now the price is trading above the support zone and may continue to move up. Therefore, I set the target at level 132.00 and resistance level 132.95. If you like my analytics you can support me with your like/comment ❤️
by FirstNameHelen
GBP-CHF Giant Narrowing Wedge! Sell! Hello,Traders! GBP-CHF is trading in a giant Narrowing wedge as you can Clearly see on the chart and The assumption is that The pair will keep trading Inside this wedge until There is a confirmed breakout Thus, as the price is headed up To retest the falling resistance I believe that after the retest We are likely to see a pullback And a move down towards The rising support but to Be safe lets say that the Target is at around 160.530 level area Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Short
by TopTradingSignals
9
CADJPY Confirmed sell.The CADJPY pair broke below the January 19 Low and the Arc pattern is giving the same confirmed sell signal it gave on November 11 when this multi-month downtrend had started. Even though the downside may be quite significant if it imitates the whole November - December move (-14.22%), we will target 90.000, which is the top of the 1 year Support Zone, slightly above the 1W MA200 (red trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
CHFJPY on a critical Support from 2021The CHFJPY pair almost made contact 2 days ago on the September 20 2021 Higher Lows trend-line and is so far seen rebounding. So far today this is contained on the 1D MA200 (orange trend-line). As long as Support 1 (140.200) holds, we are buying targeting just below Resistance 1 at 147.500. If the Higher Lows trend-line breaks, we will close in loss and go short instead, targeting the 0.5 Fibonacci level at 134.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUDJPY Testing the 2-year Higher Lows Zone.The AUDJPY pair hit last week the 1W MA100 (red trend-line) for the first time since November 04 2020, while entering the Higher Lows (dotted) Zone that started around the same time. As you understand this is a critical Support cluster, considering that Support 1 (87.100) is also holding. If broken, we will sell aiming at the top of the 2021 Support Zone at 80.500. As long as it holds, we are bullish targeting the 1D MA200 (orange trend-line) at 92.000. Keep in mind that it was the 1D MA200 which made an exact double rejection on a potential bullish break-out on February 14 and 21. A 1D candle close above it will be a buy break-out signal for us, targeting 98.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot