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JPYUSD

JPYUSD - Back in trading rangeJPYUSD has been trading in a specific range (0.00873 - 0.00925) for quite some while. It tried to break out of it, however bears pushed it back into it. Since being back in the range, it has tested to top of the range again and immediately got pushed down. This is where I entered the trade. I can easily see us pushing towards the bottom of the range again the upcoming months. If this trade succeeds, a good profit will have been made (~2000 pips). If you look at the Stoch RSI on the daily chart, it's oversold. If you look at the RSI on the daily chart, we just bounced of a trend line. Trade with caution.
Short
by Michael.H
USDJPY - Bullish buy signal off of key supportI provided analysis two week ago where I laid out a case to go long on a pullback to the 109 region. There were two ways to trade this, either a more risky zone trade or waiting for a price action setup to go long. Price did reach this zone and then formed a double inside-bar pattern that broke out very strongly to the upside. Looking ahead I will be watching to see if price pulls back to this 109 zone again for a second chance to go long, or if price shoots off in a very bullish manner I will be watching for any pullbacks in price to get long with the overall trend.
Long
by krugman87
2
Weekly overview USD & EUR pairs. Short everything. No survivors.LEAVE NO ONE ALIVE! Everything but the USD is going down. JPY less weak than the rest. They do not care what they sell, people want to sell. It has started. *** EURUSD *** Trend: Bearish. Recommendation: Short if we go up. If we go to 0.5 fib where the 100WMA and 200WMA are and the daily RSI < 30, go long. *** AUDUSD *** Trend: Bearish. Recommandation: Short only (in particular on 50DMA & 100WMA). *** GBPUSD *** Trend: Bearish. Recommandation: Short. If it goes to 0.618 with Daily RSI < 30 go long. *** NZDUSD *** Trend: Bearish. Recommandation: Short only. *** USDCAD *** Trend: Unsure. Recommandation: Avoid. *** USDCHF *** Trend: Bull. Recommandation: Long only. Long it if it goes to 50DMA & 100WMA. *** USDJPY *** Trend: Short term bull going back to bear main trend, or bull trend long term start. Recommandation: Avoid for now. *** EURAUD *** Trend: Short term bear, long term possibly turning bearish too. Recommandation: Short it if Daily RSI recovers and resistances are close. *** EURCAD *** Trend: Short term bear, long term possibly turning bearish too. Recommandation: Short. Long on big supports if it is oversold. *** EURCHF *** Trend: Short term bear, long term possibly turning bearish too. Recommandation: Short. Long on big weekly MA's if it is oversold. *** EURGBP *** Trend: Unsure. Recommandation: Avoid. *** EURJPY *** Trend: Bearish. Recommandation: Short. Long it on 0.618 fib & 100 Monthly MA. *** EURNZD *** Trend: Start of bear. Recommandation: Short & long... There's supports and resistances all around...
Short
by MrRenev
Time to buy USD/JPYwww.tradingview.com Time to set the position in the pair USD / JPY -0.09% came. I recommend that you start buying US dollar against the yen. While carefully, you need technical confirmation or easy panic, which will send JPY to level 104-105. The widespread avoidance of risk has provoked large players to liquidate part of their positions in stock assets, and along with this, a wave of sales in the US debt securities market swept. Managers had a "free dollar" on their hands and they, as if on command, rushed into defensive assets. As you know, these very assets on the market are not so many, but liquid ones capable of absorbing a huge financial flow of a unit, and in a compartment with a huge alleged US budget deficit of 1 trillion. $, market participants amicably understood that the weakening of the US currency will continue. In such a situation, it remains to wait a little and begin to pick up the cheaper USD, since a strong Japanese currency and a very weak American currency is unprofitable for both states, and soon it is necessary to wait for at least verbal interventions from the FRS and the Bank of Japan.
Long
by crypto_911
Japan's stock market may be poised to break higherThe chart shows monthly bars on the NIKKEI 225 future. The index is returning to the 21000 key level, a level its failed to surpass since 1992. Price is above its 52 week Moving Average, and momentum is up for the only second time since the 1980's. Whilst the rest of the Worlds post Global Financial Crisis recovery began in 2009, Japan's was delayed until the massive stimulus by Prime Minister Abe in 2011. This was offset by a JPYUSD fall in almost perfect sync. Interestingly the recent rally in 2017 has been positively correlated to JPYUSD, demonstrating that the rally is driven by higher inflation and growth expectations, building a solid case for further gains. In summary the case for a Japan bull market is: 1. Improving earnings outlook with a strengthening domestic economy 2. Currently attractive equity valuations compared to developed market peers 3. Inflation picking up 4. Continued monetary stimulus
TVC:NI225Long
by MVedra
USDJPY approaching 2012 trend lineUSDJPY (Daily) is nearing five year long up trendline, will price break the trend line ? or will be this another retest to break 2015 highs ? Since last year this pair is moving side ways with successful retest of support zone three times. Now price is in the support zone and RSI is over sold @25. Last time RSI oversold like this in the support zone was back in April,2017 after that price zoomed to the resistance. This time support zone is the confluence of 2012 trendline, 50% and 61.80% fib retracement from August 2016 and 38.2% fib retracement of 2012 low.Break of this trend line will bring this pair to 100.
by rf16saun