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JPYUSD

JPY: Two scenarios.The JPY rate is in the region of long-term support. There are two scenarios. First: breakdown of the level of support with further movement down to area 102. Second: return to the level of resistance to the area of 114.50. Due to the situation with the stock indices and the GBP/JPY cross, the first scenario is more likely. A good entry point for opening a short position yet. Must wait. If there are signals in favor of the second scenario, the support level of 108.08 will be the price for the stop order.
Short
by Gelium
EUR/JPY climbs to 129.46Daily outlook - EUR/JPY climbs to 129.46 An early hours of Monday’s trading session revealed that the EUR/JPY currency pair has successfully used an upside moment that was created by a release of data on the US CPI last Friday to surge not only to the 129.46 level, but climb even a little bit higher. In theory, the pair has a chance to gain a foothold at the monthly PP at 129.78. However, three red candles in a row combined with the CCI and RSI technical indicators suggest that the pair has reached already its maximum and now will start to decline. If this assumption is true, then the minor overstep beyond the above 129.46 mark simply represents a bearish fakey pattern. This scenario is, generally, supported by the market sentiment, as 68% of traders continue to hold short positions on this currency pair.
by UnknownUnicorn890690
AUDJPY Daily bullish signal. Logistic Wealth Management Strategist-Tanner Elphee 7/24/17 AUD/JPY Forming tonight on the Daily chart is, what I know them as thanks to Trade With Precision, a PLT trade. PLT - Precision life trade.. Or BLT (Bacon Lettuce Tomato.) The thing I love about these: they are very simple and straight forward. Just set and forget it. They require no market bias and no understanding of funnymentals (news). Once the trade is placed there is no point in even watching the chart. Just check in on it every evening... Simple is better, and as Vera teaches us, less is more :) Our setup candle is looking solid with a high of 88.271 and a low of 87.650. Putting our initial entry at 88.274 Stop at 87.647 Target at 88.901 Secondary entry being taken halfway to the stop Entry 87.961 Stop 87.647 Target 88.901 Will raise entries at close of bar. I understand this trend is looking exhausted and has officially formed a three wave thrust. However price is looking reasonable up here and we are clustering at a major level of support. Comment, like and subscribe! I'm always open to others opinions! Disclaimer: Trade at your own risk. LWM is a fictional trading firm at this time. Patent pending.
Long
by UnknownUnicorn981629
How to Profit on GeopoliticsThere is a new topic in the market – geopolitics. And I know how to take profit on that! In the moments like this the market is focused on such safe haven assets like CHF, JPY, USD and gold. At the same time risk assets like RUB, AUD, NZD come under selling pressure. And this understanding will help us to find interesting crosses. So, yesterday, Donald Trump promised to hit North Korea with fire and fury in case of any signs of danger to the USA. A couple of hours later we learnt that the KPA strategic force was now carefully examining the operational plan for making an enveloping fire at the areas around Guam with medium- to long-range strategic ballistic rocket Hwasong-12 in order to contain the US major military bases on Guam. If the speculations keep going and the escalation is rising, the crosses like AUD/JPY have all the potential to fall further. Forthepairtheinitialtargetmaybefoundat 86.00 followedby 85.60.
by HelenRush
Monster Wave!' Japan is seeing some strength within their markets. I believe confirmation came after Prime Minister Shnizo Abe' and President Trumps meeting in Mar-A-Lago. Coincidence?... maybe.. maybe not. I believe the talks of strengthening Japans dominance in Eastern Asia along with the United States withdrawal from the TPP supplemented this move quite nicely. I love analyzing Japan because they have far less moving parts to their economy than we do here in the US. Nonetheless I do see Japans GDP advancing another 2% for the next two years (1-1.5% annually). The NIKKEI forming some beautiful momentum. It's been on quite the run. My projection is that they will top out around 22081 in the next two years. Slugglish growth is still growth... The Japanese Yen is also slipping against the dollar nearly a 10% since the beginning of the year. Wage growth could see a slight move up but not by much... All is good in the foreseeable future the only thing I worry about is their staggering Debt/GDP ratio (250.4%!) given their size it should be that high, but We'll keep that analysis at bay, and cross that bride when we get there. O Wakare! ( Farewell :)
TVC:NI225
by gardua24