Usdjpy ahead to 147.65Jpyusd ahead to 147.65, by my math, at least, maybe a little down more to make a divergence to go up again, but this is all about day ind3x, about dollar power, be careful, with and without the election day, I'm just selling and do nothing (seeing what happens) until election day
Have a good trading, everyone.
Jpyusdanalysis
$JPY - WHERE TO NEXT?ST Trade idea
A break to either direction, we do have US data coming in the afternoon that could perhaps shifts gears for yen and we have BOJ's Kuroda will be at Jackson Hole:
Joins the confirmed CB list of Bailey and Schnabel. No Lagarde appearance though apparently. Full agenda will be released tomorrow evening.
Keep an eye out and alerts at the ready!
Best,
TJ
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We do not see any specific pattern for bullish or bearish opportunity. Though overall market sentiment reveal a bearish bias, the set ups are not very strong and therefore our bias is neutral as long as we do not see any high probability set up.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.008469
TP: 0.008296
SL: 0.008587
Bias: Short
The current price pattern of this pair suggests a bearish move. We cannot expect any high probability move here but a weak and short term momentum trade can be catapulted with caution using the current opportunity.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.008645
TP: 0.008570
SL: 0.008710
Bias: Short
The pair is trending bullish but the bias is not very strong. We expect an opposite move from the current price context as we see it will be difficult to pair with dollar for many fundamental and technical reasons such as investor sentiment ,safety and security.
JPYUSD LongTime Frame: 4H
Symbol: JPYUSD
Entry: 0.008642
TP: 0.008716
SL: 0.008584
Bias: Long
The price is now loitering at the support level. A reversal of the current price pattern may occur resulting in a long trade. Our technical studies show a bearish pattern but in most of the case, the current price level is over sold and therefore a bullish expectation is obvious.
JPYUSD LongTime Frame: 4H
Symbol: JPYUSD
Entry: 0.008650
TP: 0.008755
SL: 0.008583
Bias: Long
For JPYUSD our bias is long. As the major trend is downward and the selling pressure is high too. Any trade against the major trend should be short term . Given the current context and volatility in place, we can go for a long trade .