GBPJPY Bearish as long as it's below the 1D MA50.The GBPJPY pair has been trading below its 1D MA50 (blue trend-line) since December 16 2022. With a 1D Golden Cross having formed on January 17, the price is about to test for the 3rd time in a month the 155.770 - 155.400 Symmetrical Support Zone. A break below it would target the dotted line (multi-year Channel Up bottom) and below that the 148.800 Support which has held 5 times since the March 2021 Low.
On the other hand if the Symmetrical Support holds, it will make a Triple bottom and it will be a short-term buy opportunity towards the 1D MA50. Any time that breaks, it will extend the rebound above 166.00, which based on the Symmetrical pattern since May 2022, it will be the most optimal long-term sell opportunity.
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Japaneseyen
CNHJPY - SHORT; This pair is ready to fall off a cliff!Considering China's (ongoing!!) predicament caused by an oncoming, abject, demographic (urban, industrial) collapse, the obvious consequence is a stand-alone Japan's as the region's only remaining super power" ... Making this Short a no-brainer, probably well over a decade and a half.
The Long Term Price Target on this pair is: 10! (I.e. a >50% Decline ...,
... provided that there will be still such a thing as a convertible (off-shore) Yuan, further down the road - which, in itself, is very unlikely!)
USDJPY Best sell entry but RSI on Bullish DivergenceThe USDJPY pair has been trading within an extremely well structured Channel Down since the November 21 2022 High. Every Lower Lows since then has been very symmetrical on approximately a -6.05% drop from the Lower High. With the price currently on the top (Lower Highs trend-line) of the Channel Down, this is technically the most optimal level to sell. A -6.05% drop from the Lower High, gives us a 123.315 price target.
We must be careful however, especially ahead of the Fed Rate Decision, as the 1D RIS hasn been trading within a Channel Up, while the price is on a Channel Down, signalling a Bearish Divergence. A break above the Channel Up, and more importantly the last Lower High can push the price to the 1D MA50 (blue trend-line) on the short-term and if broken, then the 1D MA200 (orange trend-line) on the medium-term.
The long-term bearish trend shouldn't be affected by this so in that case we will be looking for the safest short entry on the top. Below you can see our long-term cheat-sheet on USDJPY:
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NZDJPY: One More Setup to Trade 🇳🇿🇯🇵
Update for NZDJPY.
The price has nicely respected a resistance that we spotted yesterday.
The price formed a double top pattern on 4H testing that.
Its neckline has been just broken.
The pair will keep falling to 83.68 / 83.11
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GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY reached a key level.
We see a strong rejection from the underlined yellow area on 4H:
the price broke a support line of a rising wedge pattern and formed a double top on 1H time frame.
I expect a bearish move to 160.9 / 160.5
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USA vs Japan- Everything is in chart.
- Again an easy short, same as i predicted UK Bounce few weeks ago.
- This is not a scalp but a Medium/Long term trade.
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Trading Parts :
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Short Zone : Now 149-150 ish
TP1 : 127-126 ish
TP2 : 116-117 ish
SL : 165
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- You climb to reach the summit, but once there, you discover that all roads lead down.
Happy Tr4Ding !
💵Australian Dollar/Japanese Yen💵Analyze (01/19/2023)!!!The Australian Dollar/Japanese Yen is enclosed between two zones of resistance and support and the line of the downtrend and uptrend lines.
The Australian Dollar/Japanese Yen has reacted well every time it hits the downtrend and uptrend lines in the support and resistance zones.
This time, the Australian Dollar/Japanese Yen was able to make a 🌅Morning Star Candlestick Pattern🌅 on the uptrend line too, and I expect the Australian Dollar/Japanese Yen to rise to the resistance zone again.
We can also see Regular Divergence(RD+) between the price and RSI indicator.
🔅Australian Dollar/Japanese Yen Analyze ( AUDJPY ) Daily Timeframe⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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📉 USD/JPY Continuation Of Declines? 📉📉 USD/JPY Continuation Of Declines?
📉 Nearest strong support zone: around recent lows.
📉 Nearest strong resistance zone: around recent local highs.
📉 Technical environment:
- Moving averages: Downtrend
- MACD: Uptrend
- RSI: Downtrend
📉 Price Action: USD/JPY It has been continuing its downward trend for quite some time, all due to the BOJ's change in monetary policy stance, on January 18 during the Asian session there will be a Monetary Policy Statement which I think will have a big impact on the market, expect high volatility, in my opinion this will be the next impetus for the Japanese yen to strengthen against other currencies.
📉 The scenario I am playing out is a continuation of declines over the coming months. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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NZDJPY Clear break-out levels to trade.The NZDJPY pair has been trading below (closing 1D candles) the 1D MA200 (orange trend-line) for nearly a month (since December 20), being supported at the same time by a (dotted) Higher Lows trend-line that started on the May 12 Low. A 1D Death Cross may be potentially formed as the 1D MA50 (blue trend-line) is closing in on the 1D MA200, which adds more weight to the bearish side but we think it is best to trade this based on the clear break-out levels that this pattern (which we've been using with great results since last year) gives.
We are willing to buy for the short-term only upon a 1D candle close above the 1D MA200 and target the bottom of the Resistance Zone. Further break above the top of the Resistance Zone is a buy opportunity on the long-term and we will update upon potential targets then. Similarly, we are willing to sell only if a 1D candle closes below the 80.600 Support and target the top of the Higher Lows Zone (started on August 19 2021).
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USDJPY Nearing 1st Support. Rebound possible.The USDJPY pair is approaching the 1st Support level of 125.510 (May 24th 2022 formation) after a double top rejection last Friday. Trading inside a Channel Down for almost two months, naturally on very bearish 1D technicals (RSI = 30.378, MACD = -1.840, ADX = 17.362) with the RSI almost oversold, it is expected that a technical rebound will occur.
The short-term target is the top of the Channel, with a break capable of inflicting an extension as high as the 134.750 Resistance. The RSI's Rectangle can be a guide for buying/ selling inside the Channel Down.
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WHAT HAPPENED WITH JPY?Hello guys! Here is a quick summary of what happened in the market today, especially in the Japanese one, after the Bank of Japan surprised everyone.
On Tuesday, the Bank of Japan made its first move towards a shift away from ultra-loose monetary policy after weeks of speculation. As part of an adjustment to its yield curve control policy, the BoJ decided to increase the range of its target for the yield on 10-year government bonds from +/- 25 basis points to +/- 50 basis points. Despite this change, the Bank kept its short-term policy rate at -0.1% and maintained its commitment to easing in its statement. In fact, the BoJ plans to increase its purchases of Japanese government bonds in the coming quarter, from 7.3 trillion yen per month to 9 trillion yen.
The Bank of Japan's policy adjustment was more hawkish than financial markets had anticipated, and contributed to the yen's further recovery from a 30-year low reached this October. A stronger yen may provide some relief to the Japanese economy, which has been grappling with the high cost of imports due to the sharp decline in the value of the yen this year.
As the possibility of more hawkish central bank actions and a potential recession in 2023 increased, the value of Asian currencies against the US dollar decreased further and risk appetite remained low. While the US dollar strengthened against most Asian currencies, the strength of the yen, euro, and pound weighed on the dollar index and dollar index futures.
What do you think about the BoJ's move? FX:USDJPY FX:USDJPY BMFBOVESPA:JPY1! PEPPERSTONE:JPYX
SHORT Resault: 1040 pips✅GBPJPY is preparing for a very good sell position and I am entering within the specified range
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
gbpjpy are going to reach second target. 1040 pips in profit.
Strong upward trendThe currency pair has been in an upward trend over the past year.
This currency pair has shown an upward trend. Something I think will continue in 2023 based on the technical analysis I have done.
My target for this currency pair by January 2024 is 123.46
Trading in bullish markets is easier than in bearish markets
CAD/JPY can be a good portfolio in 2023.
Rally ahead in the long term.In the short term is more uncertainAs of January 11, 2023, the current rate of CAD/JPY was 98.82
The currency pair has been in an upward trend over the past year.
This currency pair has shown an upward trend. Something I think will continue in 2023 based on the technical analysis I have done.
My target for this currency pair by January 2024 is 123.46
Trading in bullish markets is easier than in bearish markets
CAD/JPY can be a good portfolio in 2023.
💵Euro/Japanese Yen 💵 Analyze(01/05/2023)!!!Euro/Japanese Yen moved as I expected in my previous post.✅👇
Euro/Japanese Yen was able to break the downtrend line.
Also, we can see regular divergence (RD+) between MACD Indicator and Price.
I expect Euro/Japanese Yen will go up to the resistance zone/line.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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💵U.S.Dollar/Japanese Yen 💵Analyze (01/09/2023)!!!If you would like to know my 🗺️roadmap🗺️ on U.S.Dollar/Japanese Yen, sees the post below. (According to my analysis, it moved beautifully 😎✅)👇
The U.S. Dollar/Japanese yen is moving in the support zone, and according to the theory of Elliott waves, the end of wave A could be in this zone.
Also, U.S. Dollar/Japanese Yen can form an Inverted Head and Shoulders Pattern, and this itself can be a sign of the end of the recent downward trend.
I expect U.S. dollar/Japanese Yen to rise to at least my 🎯target🎯 after breaking the downtrend line.
🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
CADJPY 1D Death Cross but bullish divergence short-termThe CADJPY pair has gone a long way since we caught the perfect sell at the top on our September 20 2022 idea as it hit our 1W MA50 target:
The price broke even lower and touched the bottom of the Channel and the Higher Lows trend-line that started on the March 09 2020 Low, and has since been rebounding. As we mentioned on our last analysis, we can expect a sustainable rise only if the RSI breaks above its Lower Highs trend-line.
On the long-term the 1D Death Cross formed on December 27, confirms that the trend switched to bearish but on the short-term the 1D RSI Higher Lows since December 05 being a bullish divergence against the Lower Lows of the price, favors a rebound not just to the 1D MA50 (blue trend-line) but also the 1D MA200 (orange trend-line), but again we need the RSI Lower Highs break-out confirmation.
If however the pair breaks below the 1W MA100 (red trend-line) earlier, we will resume selling, targeting the 0.5 and 0.618 Fibonacci retracement levels in succession.
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USD/JPY Possible SetupPrice has been in decline since October last year and we
are currently seeing strong momentum from a major support level,
if price breaks above descending channel, we may get a confirmation
for a bullish change in trend, resistance below 133.851 will indicate further downtrend
continuation.
CHFJPY Bearish long-term within a Channel Down.The CHFJPY pair finally hit our 1D MA200 (orange trend-line) sell target as suggested by the previous analysis two months ago (November 07):
By doing so, it has turned bearish long-term by forming a Channel Down pattern. There is an internal Lower Highs trend-line involved (dotted) and if broken (along with the 0.236 Fibonacci), we expect the price to test the 1D MA50 (blue trend-line) and seek direction on the 1D MA100 (green trend-line), which has been its long-term Support during the October 08 2021 - November 11 2022 uptrend. A rejection there maintains the downtrend and targets the bottom of the Channel Down and 1W MA50 (red trend-line).
A break above the Channel Down invalidates the pattern. A break below the Higher Lows trend-line (since the September 20 2021 Low) targets the lower Fibs long-term (0.5 through 0.786) in succession, which as you see formed strong pressure zones during the uptrend.
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GBPJPY | Rising Channel Formation..!!
#GBPJPY Rising Channel Formation in Weekly Timeframe Chart..!!
In Case of Downside Breakout, Expecting +1500-1800 Bearish Wave in Midterm..
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💱USD/JPY Chance For A Correction💱💱USD/JPY Chance For A Correction
💱The Japanese yen today scored a strong wave of appreciation.
💱But the end of the day lifted the price a bit.
💱Looking at the candlestick formation and price action it looks like there is a good chance to make a small upward correction.
💱I established a support zone near the recent lows.
💱The resistance zone is located around the 0.236 level of the entire downward wave.
💱The scenario I am playing out is the execution of a small upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
USDJPY| The NEW 2023 USDJPYI'm convinced USDJPY could turn bearish if the price passes the monthly and weekly low 130.420 exchange rate.
After this fulfilling bullish 2022 market, the sellers may have gotten tired of buying the dollar at high prices.
Japanese Index (JPN 225) has been declining. The dollar cash index (USDX) has been declining.
I'm patiently waiting to see if we will see our first lower low in 2023 or will USDJPY use this price range as it's last leg before continuing it's trend continuation?
I love putting this puzzle together.
What are your thoughts on USDJPY?