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Japaneseyen

InvestMate|GBP/JPY Continuation of declines💷💴💷💴GBP/JPY Continuation of declines. 💷💴As written in the title I will give you my downtrend perspective on this pair. 💷💴Looking at how the price has been declining over the last two days. We can safely conclude that a new wave of strengthening of the Japanese yen is in progress. 💷💴Ahead of us there is a very strong support set on the basis of up to three fibo levels. The first is the level of 0.236 of the entire upward wave from the bottom of 2020 to the peak of 2022. The second is the level of 0.5 of the entire downward wave from the peak of 2015 to the bottom of 2020. The last level is the level of 0.886 of the entire upward wave from the bottom of 2000 to the peak of 2007. 💷💴It is not often that a support zone is based on as many as 3 such strong levels. 💷💴I have marked 2 resistance zones above. In the description I will focus on the one closest to the price. 💷💴It was determined based on a cluster of two fibo levels. The first is the 0.618 level of the entire downward wave from the 2015 peak to the 2020 low. The second is the 0.382 level of the entire downward wave from the 2007 peak to the 2011 low. 💷💴These are the current nearest zones between which the price is likely to operate. 💷💴Looking at the big picture, the scenario I am playing out is to continue the decline to the support zone and watch how the price will behave there. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13
GBPJPY: Important Breakout 🇬🇧🇯🇵 GBPJPY was steadily growing within a rising parallel channel for the last 3 weeks. The market reached a key daily structure resistance on Friday. Bears started to push heavily from that and the price broke and closed below the support of the channel. It will trigger a bearish continuation. Next supports: 166.3 / 165.3 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
InvestMate|EUR/JPY Monday's southbound play💶💴💶💴EUR/JPY Monday's southbound play. 💶💴It was once again time for the EUR/JPY in my execution. 💶💴After the beautiful downward slide that EUR/JPY made, I of course predicted that this would happen in previous posts on this pair. It' s time to attack the declines once again. 💶💴Looking at the appearance of Friday's downtrend candle and looking at the momentum with which the pair was falling against the euro just before the close of the session, it looks to me like the possibility of a continuation of the declines that could take place over the next few days. 💶💴 There is a strong support zone ahead. Really strong because this time I have measured all the waves one by one since the start of the quotation with fibo measures so that their effectiveness and strength is reinforced. 💶💴The support zone results from a cluster of two levels. The first is the level of the 0.618 wave from the 2008 peak to the 2012 bottom and the second level is the 0.786 wave from the 2014 peak to the 2016 bottom. 💶💴I determined the resistance zone based on the 0.886 level of the wave from the 2014 peak to the 2016 bottom and taking into account that this was a highly respected level in the past. 💶💴The scenario I am playing out is a continuation of declines to the level of a strong support zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6
InvestMate|NZD/JPY Best opportunity of the coming month❗️📈❗️📈NZD/JPY Best opportunity of the coming month. ❗️📈In this post I would like to share with you a veritable gem from my side, reviewing the market carefully and analysing it very closely. ❗️📈I come to you with the NZD/JPY pair which, in my opinion, will be one of the best performing pairs in the coming month. ❗️📈I hope so at least. ❗️📈I could be wrong but I can never doubt. ❗️📈The pair as far as I can see, in my opinion, will show us increases, this can be seen from each of the intervals I analyse and it is over 8 different timeframes. ❗️📈If I had to pick just one instrument it would definitely be NZD/JPY. ❗️📈Let's move on to the chart. ❗️📈We have broken out of the support zone set by the fibo level of 0.886 and this has even been a key place in the past, just look at the chart. And the fact that we are above it only reinforces my assumptions about the upside. ❗️📈The most important is the resistance zone, which is located at new highs and was determined by the outer fibo measurement of 1.272 of the last largest downward correction and the 1:1 level of the largest upward wave from the bottom of this correction. ❗️📈I do not exclude any scenario, as one can never be 100% sure. I leave the probability in the hands of the market. ❗️📈The scenario I am playing out is a breakout of a new peak and a continuation of the upside to levels determined by the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
15
InvestMateGBP/JPY Attention, strong line of resistance ahead💷💴GBP/JPY Attention, strong line of resistance ahead. 💷💴That's as I wrote some time ago about the upside on this pair. Link below: 💷💴Now it's time to refresh the topic and give you my latest view. 💷💴As we can see the Pound is not giving up and is trundling forward with most forex pairs. 💷💴I determined the support zone based on the cluster of fibo levels of 0.382 of the entire last downward correction and the level of 0.886 of the entire downward wave measured from peak to bottom visible on the chart. It can be seen that the price has repeatedly found this level as resistance but also as support in the past. 💷💴The resistance zone results from a cluster of also 2 fibo levels. It is a double of the 1.272 level of the same waves as the support zone. This combination creates a really strong zone. 💷💴Beginning with the fact that GBP/JPY is in an uptrend of several years, I don't think getting this level will be a major problem. 💷💴The scenario I am playing out is a continuation of the upside to the resistance zone where I will be watching closely to see how price reacts. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
🦘AUD/JPY May break out🦘AUD/JPY May break out. 🦘My perspective on the AUD/JPY pair has changed as a result of the in-depth analysis I have done. 🦘In the current post I would like to share with you my perspective for the coming weeks. 🦘As you can see from the chart AUD/JPY has been stuck in a accumulation, for a good 7 months. 🦘Looking at the behaviour of other pairs with the Japanese Yen, I allow myself to think that we may yet see new peaks on the AUD pair. 🦘The price is currently forming a triangle formation. 🦘I am very curious if we will see a sharp breakout upwards. 🦘That's what I would expect after such a long accumulation and a returning desire to weaken the Yen. 🦘Target I see near the resistance zone, determined by the outer fibo level of 1.618 of the entire largest recent downward wave. 🦘There is also local resistance ahead, determined by where the price has repeatedly turned back. 🦘I determined the support zone based on the cluster of fibo levels 0.618 of the entire wave of the largest downward correction and 0.5 of the entire upward wave following this correction. 🦘The scenario I am playing out is a gradual strengthening of AUD against JPY and an exit from the accumulation to set new highs, but I do not exclude taking a smaller target if the situation stops looking as I assumed. 🦘I will add an update post if there is a change in my perspective. 🦘 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
13
GBPJPY targeting 172.250. Excellent long-term pattern.The GBPJPY pair has been rebounding strongly since the November 11 Low within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The Low was made on the Inner Higher Lows trend-line, that has had four hit-and-holds since May 12. Based on the 1D MACD also, this sequence resembles the April 20 - June 09 fractal, whose rebound reached the previous High, which is now the Resistance at 172.250. This is the short-term target. On the long-term you see that the pattern is an Ascending Triangle (since March 2021 and we are close to the Higher Highs Zone. Every hit either on the dashed or top trend-line is a sell opportunity, until the pattern is invalidated. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
4
EURJPY: Your Detailed Trading Plan 🇪🇺🇯🇵 EURJPY is trading within a falling channel on a daily. I am looking for shorting opportunities from its resistance line. My plan is the following: I will patiently wait for a test of the underlined red area, then, I will look for a breakout of a support line of a rising wedge pattern on 4h time frame. Once the candle closes below that, I will short expecting a bearish continuation to 144.5 / 143.8. Alternatively, a bullish breakout of the resistance of the channel on a daily will intiate a bullish move. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵 Hey traders, Analyzing a daily chart on USDJPY, I noticed that the market is stuck within a narrow horizontal range. The price perfectly respects a key horizontal support & resistance. This week, look for a breakout trade. A bullish breakout of 140.4 - 140.8 (daily candle close above) will be a bullish signal, and will lead to a continuation to 143.0 level. A bearish breakout of 137.4 - 137.7 (daily candle close below) will push the market lower. Next support will be 136.1. Wait for a breakout, that will indicate us the future direction of the market. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
InvestMate|EUR/JPY is just getting started💶💴💶💴EUR/JPY is just getting started. 💶💴The post is a commentary on my previous posts on the EUR/JPY in which I announced declines: 💶💴Those wishing to get a deeper perspective are referred to above. 💶💴At the moment, I just wanted to draw attention to the approaching strong support zone that stems from the 0.618 fibo level of the entire upward wave and I believe that, this is the level for the coming days that can be broken within a week or two.
Short
by InvestMate
16
InvestMate|NZD/JPY So what, are we falling?🥝🥝NZD/JPY So what, are we falling? 🥝As I have written in previous post featuring the Japanese yen pairs that we are ready to fall. 🥝That will also be the case this time. 🥝There is an interesting situation ahead, on the New Zealand dollar we are preparing for a strong downward correction coupled with the long-term uptrend on the Japanese yen that has started. A strong downward wave is in front of us. 🥝We are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels. 🥝The most significant support zones will be two zones. 🥝 The first determined by the cluster of the fibo level 0.382 of the entire upward wave and the outer fibo level 1.272 measuring the last upward impulse. 🥝The second based on a cluster of the 0.5 level of the entire upward wave and the outer fibo level 1.618 measuring the last upward impulse. 🥝The scenario I am playing out is to expect a strong wave of strengthening of the Japanese Yen against the New Zealand Dollar heading into support zones not excluding minor corrections along the way. 🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
10
InvestMate|USD/JPY No chance of rises💱💱USD/JPY No chance of rises. 💱As I wrote in last post about the declines on the USD/JPY pair, the scenario played out perfectly exactly as I wrote. Link to the post below: 💱This time we will take another look at the pair, as I believe new downside prospects are opening up. 💱The key from where a new wave of declines could start could be the resistance zone I've marked on the chart. 💱 All due to a cluster of levels. At the very beginning we have the level of 0.5 of the whole last upward wave, then the level of 0.236 of the whole downward wave and the range of the biggest upward correction in the current downtrend, i.e. the level of 1:1. 💱 I encourage you to observe these levels because there is a good chance that after a bounce from this level we will take a southward direction. 💱The level where the price can stop is the support zone, which I determined on the basis of the level of 0.786 of the whole upward wave and this place has been respected many times in the past as resistance and support. 💱The scenario I am playing out is a continuation of declines from the resistance zones towards the support zone, not excluding corrections along the way. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
2
US interest rate, and exchange rate of Japan Yen and Korean WonThe trend of Japanese Yen and Korean Won within most of year 2022, as can be observed when reading together with the chart of USinterest rate, show how closely linked their relationship are. Recently government of relevant countries have been attempting to change this situation by putting money into the foreign currency exchange market, but as long as interest rate of each of those countries aren't increasing accordingly, and US interest rate still keeping up, no change in this trend is expected.
by PhakeNick
2
💵U.S.Dollar/Japanese Yen 💵Analyze (10/21/2022)!!!U.S.Dollar/Japanese Yen moved as I expected 👇✅. PRZ (Price Reversal Zone) worked very well. It seems, U.S.Dollar/Japanese Yen completed main wave 3, and now it is on the road to making the main wave 4. I showed you the next target for U.S.Dollar/Japanese Yen in my chart. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 2D⏰ 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.
Short
by pejman_zwin
4
USDJPY below a level that was a Support since September 2021!The USDJPY pair made a strong rejected shortly after our previous analysis where we called for a strong sell at the top of the (now) 6-month Bullish Megaphone pattern: Following a fake-out just above the Megaphone, the rejection was much stronger and so far much longer that any of the previous ones in 2022. The price not only broke below the 1D MA50 (blue trend-line) but also the 1D MA100 (green trend-line), which has been the long-term Support and unbroken since September 23 2021 and where the previous Megaphone Higher Low was made (August 02 2022). Right now the 1D MA100 is being tested as a Resistance, which the price has failed to break on 4 straight days. The more it fails, the more likely it is to test the bottom (Higher Lows trend-line) of the Megaphone and if broken, target the 1D MA200 (orange trend-line). A closing above the 1D MA100 however, targets the 1D MA50 but as with early August, this still doesn't restore the uptrend. The pair typically needs a clear closing above the 1D MA50 to do so, in which case we can expect at least the 0.618 Fib to be tested if not the previous High. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
GBPJPY: Your Detailed Trading Plan 🇬🇧🇯🇵 Update for GBPJPY. After a strong bearish wave, the market is correcting within a rising wedge pattern. To catch the next trend-following move, wait for a bearish breakout of its support. We need a 4h candle close below that to confirm the breakout. A bearish continuation will be expected to 164.55 / 163.75 levels then. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
InvestMate|EUR/JPY BOJ DO SOMETHING💶💴💶💴EUR/JPY BOJ DO SOMETHING 💶💴Another post/update of my view on the eur/jpy pair. Link to previous post below: 💶💴I will zoom in on the fundamentals: 💶Looking at economic growth in the Eurozone we are at levels of 2.1% This is quite average looking at the past. 💴Compared to Japan where we are currently at 1.6% this is also quite average looking at past periods. tradingeconomics.com 💶 Unemployment in the Eurozone is falling - the latest reading on 3 November showed a drop to 6.6% compared to last reading of 6.7%. 💴 In Japan, on the other hand, unemployment rose from 2.5% to 2.6%. 💶 A week ago, on 17 November to be precise, the inflation reading, which was 10.7% on 31 October. The market is betting on a slowdown in inflation in the coming months. 💴 In the case of Japan, inflation is gaining momentum even though we have maintained a 3% growth the market is betting that during the next data due on 17 November we could break this barrier and rise to levels of 3.2%. 💶 Eurozone interest rates were raised by 75 basis points at the last council meeting on 27 October to 2%. 💴 In Japan, of course, no change, the council kept rates at -0.1% at its last meeting, but with inflation gaining momentum, further moves remain uncertain. For now, the market is pricing in an unchanged rate at the next decision on 22 November. 💶💴 Now that we know the fundamental environment, let's turn to the chart. 💶💴Today brought nothing new. We attacked the 145.400 level again and there was an unsuccessful attempt to go down to yesterday's lows. 💶💴All due to low volatility on the Japanese. And uncertainty as to which way the Euro should go. 💶💴 Looking more broadly at the market and seeing that the Japanese on most pairs is preparing for a massive appreciation and the Euro on most pairs is waiting for the right moment to make a correction of uptrend. 💶💴These 2 separate events combined in a single chart could produce the massive price waterfall I wrote about in the previous post. 💶💴On the chart I determined a few things using technical analysis: 💶💴Firstly I determined the upward channel we are currently in. 💶💴Then I measured the entire downward wave using the fibo. We can see a triple attack on the 0.618 level which we failed to break out of. 💶💴Next I measured the current upward impulse to find potential support zones. 💶💴Then I measured the largest correction of this upward impulse in order to determine the 1:1 level of this correction. 💶💴By measuring the current uptrend impulse and the 1:1 correction, I found an interesting cluster of levels at 0.618 and 1:1 near 143.600 💶💴In the vicinity of the 0.618 level I determined a strong resistance zone. Due to the fact that the price repeatedly tried to break out of this level unsuccessfully 💶💴The scenario I am playing out is the eur/jpy pair descending to support levels as a result of the Bank of Japan intervening to strengthen the Japanese Yen. 💶💴*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases. 🚀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.🚀
Short
by InvestMate
InvestMate|EUR/JPY Outlook Update💶💴💶💴EUR/JPY Outlook Update 💶💴This is yet another post in which I will try to give a more detailed presentation of my downside scenario on this pair. Because I think that price is still expensive. 💶💴Beginning with the fundamentals: 💶Looking at economic growth in the Eurozone we are at levels of 2.1% This is quite average looking at the past. 💴Compared to Japan where we are currently at 1.6% this is also quite average looking at past periods. tradingeconomics.com 💶 Unemployment in the Eurozone is falling - the latest reading on 3 November showed a drop to 6.6% compared to last reading of 6.7%. 💴 In Japan, on the other hand, unemployment rose from 2.5% to 2.6%. 💶 A week ago, on 17 November to be precise, the inflation reading, which was 10.7% on 31 October. The market is betting on a slowdown in inflation in the coming months. 💴 In the case of Japan, inflation is gaining momentum even though we have maintained a 3% growth the market is betting that during the next data due on 17 November we could break this barrier and rise to levels of 3.2%. 💶 Eurozone interest rates were raised by 75 basis points at the last council meeting on 27 October to 2%. 💴 In Japan, of course, no change, the council kept rates at -0.1% at its last meeting, but with inflation gaining momentum, further moves remain uncertain. For now, the market is pricing in an unchanged rate at the next decision on 22 November. 💶💴 Now that we know the fundamental environment, let's turn to the chart. 💶💴I will present all the tools I used in turn: 💶💴1 I have plotted the uptrend channel from the start of the strong breakout to the top. 💶💴2. I measured with a fibo grid the entire upward wave. 💶💴3. I measured the last downward impulse using the fibo. 💶💴4. I measured the largest downward correction in the entire upward impulse to determine the extent of the 1:1 correction. 💶💴5 I determined two support zones. 💶💴(1) Based on the 1:1 level of the largest downward correction and the 0.5 level of the entire upward impulse. 💶💴(2) Based on the 0.618 level and the previous strong price reactions, from this point the price made a rise to new peaks. 💶💴6. I determined a resistance zone based on the 0.5 level and where price has reacted in the past. 💶💴The scenario I am playing out is a final descent to the 0.618 levels of the entire downward wave. 💶💴*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases. 🚀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.🚀
Short
by InvestMate
USDJPY: Key Levels to Watch 🇺🇸🇯🇵 Here is my latest structure analysis for USDJPY: Resistance 1: 140.37 - 142.47 area Resistance 2: 145.1 - 145.6 area Resistance 3: 148.3 - 148.9 area Resistance 4: 151.34 - 151.92 area Support 1: 137.48 - 138.0 area Support 2: 135.16 - 136.45 area Support 3: 130.38 - 131.75 area The price is currently stuck between Resistance 1 and Support 1. The future direction of the market will be determined by a breakout of one of these structures. Alternatively, consider pullback trading from them ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
11