CNHJPY - Massive SHORT!! The pair that just keeps on giving ...... and giving, and then give some more.
Should one lack the inclination to deal with everyday FX volatility (or with the lack thereof) then this is the pair to be SHORT , in George Foreman style, ala; "Just set it and forget it!"
Simply put, China's absolute best hope (just a dream, really) to survive it's oncoming demographic (industrial, deurbanization, and ... ) collapse to somehow muddle through one of it's worst decade and a half well under way, to transition through total "Japanification". (This is only a hope, requiring lots and lots of luck to pull it off.)
This is undeniably China's best possible future scenario, all else being a far inferior outcome.
Consequently, as Japan is snapping out of it's 30 year slumber just as China "hopes" to achieve Japanification, this pair (provided any future convertibility of the Yuan) will mirror that process, obviously like no other.
E.g. SELL it (Short) for good! (through about 2035 and possibly beyond.)
Here is the Weekly;
SHORT it anywhere here!
p.s. The scenario outlined in the main (monthly) chart is only a near-term outlook (12-15 months out), severely understating the potential ultimate (Short) mileage in this pair.
Japaneseyenlong
HelenP. I USDJPY may continue to rise and reach resistance zoneHi folks today I'm prepared for you JAPANESE YEN analytics. After a rebound from the level of 130.65, the price continued to rise and has been trading in an uptrend for a long time. The Japanese Yen, after a downward correction, and re-tested the trend line, continued to grow. Having achieve mark 135.15, the price began to decline and approached the trend line, but without testing the trend line, it continued to move up, and forming the resistance zone 137.35-137.75. Subsequently, the Japanese yen began to fall and declined to the trend line, from which it rebounded, continued to rise and create Elliott waves. After completing the 1st wave at the level of 135.50, the price made a correction (2 wave) and tried to break through the trend line, but did not fix below and continued the uptrend. Forming the 3rd impulse wave, the Japanese Yen broke through the zone 135.30-135.70 and made a correction (4 wave). Recently, the Japanese Yen tested the current support zone and continued the uptrend. Currently, the price is trading in the 5th impulse wave and may continue to rise and achieve the resistance zone. Therefore, the goals for the Japanese Yen will be set in zone 137.35-137.75. If you like my analytics you may support me with your like/comment ❤️
Japanese Yen can make small correction and continue to riseHello traders, I want share with you my opinion about Japanese Yen. Watching the chart, we can see how the price has been moving up for a long time. After breaking through the resistance level 136.55, the Japanese Yen to rise and above created a resistance area 137.50-137.75 from which began to fall. The price declined, reached the support line and formed a buyer zone 133.90-133.50 after which it bounced, then re-tested it and continued to rise. Not so long ago, the price dropped, re-tested the buyer zone, but never updated the low (LL) the previous week, began to grow and broke of structure (BoS). Japanese Yen continued to move up, updated its previous high, and changed of character of price movement (CHoCH). I think the price can continue to rise and reach the resistance level. The Japanese Yen, after a small downward correction, can continue the upward movement and collect previously accumulated liquidity. So, I decided to set the target at level 136.55. Please share this idea with your friends and click Boost 🚀
Buy 6J1!As you can see, the high volume candle which just crossed the comfort zone is a good signal that 6J1! market is going Long. BUY 6J1!.
6J JAPANESE YEN FUTURES (15MIN)We have a Buy signal for my Prediction
Stop loss and Take Profit on the Chart
JAPANESE YEN FUTURES (SWING)Probability: 65%
The market will keep going up.
Stop loss & Take profit Montioned on the Chart.
6J! JAPANESE YEN FUTURES (SWING)Probability: 65%
SL AND TP AS YOU SEE ON THE CHART
if the candle cut with Force the TP ( u can use it as a Resistance )
JAPANESE YEN FUTURES 6J! ( Swing )Probability:65%
We are in a downtrend but we have a good probability ( maybe > 65%) the Market will keep going up and cut the TP
TP & SL : on the Chart
Bonus: if the a Green Candle Cut with Force the TP ( u can take a second position and buy again and choose your own TP & SL)
JAPANESE YEN FUTURES (15MIN) BUY SIGNALthe 6J! will keep going up: 65% probability
from the downtrend => start of an uptrend
Take profit: manually when u got a green candle with a tall wick above it followed by a red candle.
GBP JPYJapanese Yen is a safe haven asset for investors, but while pairs have been taken a beating - especially GBP against these safe haven assets - the demand zone 1 was touched so a scalp trade has been placed - aim to get 70-100 pips before closing.
Risk free entry already.
With new fresh zones being touched with heaving selling - await a rejection on a zone and enter. However trading against the trend (in majority of cases) is free money to the sellers or buyers in a trend. So pay attention. Scalping is in and out - so once your pips are secured. onto the next trade
USDJPY Short Bias More Convincing than Long BiasMuch of my argument is embedded within this picture. The content there speaks for itself. Overall, I withhold a net short position on USDJPY given the technicals for the four hour chart and I think a pull back below this resistance range is in the cards given the technicals.
