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Japaneseyen

JPYX INC BULL SWINGJapanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the horizon However the tides are still shifting for the YEN and the consensus of a great majority of economists in the region is that its not a matter of IF QE will stop, its just a matter of WHEN Assuming our critical fibo level holds as support for the WEEKLY uptrend, then we should see the DAILY/H4 trend turn from BEAR to BULL at these levels Our targets are painted by the Fibo Extension of the potential support levels
PEPPERSTONE:JPYXLong
by NakedTrading4U
After a possible retest support area USDJPY can start to riseHello traders, I want share with you my opinion about Japanese Yen. Watching the Japanese Yen, we can see how the price formed the buyer zone, from which it begin to move up and formed an ascending channel. The price reached the level 138.00 bounced back, broke through the support line and exit of channel. After broke the support line, the price continue to fall and dropped to the support area 132.20-131.80. Currently, the price is trading above the support area and may go down and retest it.I think that after a possible re-test of the support area, the price may start to rise and break through the resistance line. Therefore, for the Japanese Yen, I set targets at 134.00, which coincide with the resistance line and at 135.00. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
USDJPY Bearish OutlookThe USDJPY pair broke below the ascending channel and the neckline of a head and shoulders pattern last week, followed by a significant momentum weakness. Based on my personal analysis, I expect the pair to undergo a corrective move towards the broken neckline, where it also aligns with the 23.6% Fibonacci retracement level and the 100-period moving average on the 4-hour timeframe - both of which often act as support or resistance levels for the pair. After the bounce, I anticipate the price to resume its downward movement towards the 134.200 and 133.100 levels. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
USDJPY can start to fall and break support line of wedgeHello traders, I want share with you my opinion about Japanese Yen. Watching the graph, we can see how the Japanese Yen formed the buyer zone128.10-128.45, from which it begin to move upwards and broke through the resistance level 132.90. After the breakdown of the resistance level, the price continue to rise and eventually formed an upward wedge. Currently, the price is trades inside the upward wedge below the resistance line. We see how the price tested the resistance line and begin to decline. The Japanese yen may continue to decline and breakthrough the support level 136.85 and support line of wedge. I think that after a possible breakdown support of the wedge, the price may start to go down, so I set goals at support level 136.85, support area 135.80-135.40. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
15