Possible rejection area forming bearish cypher lets see good sign for yen pairs
CHF is one of the strongest currencies in recent times, looking at the weakness of jpyx lately, i anticipate a swing in the next 2 weeks of august, a 400 pip swing trade. trade responsibly, see the chart for more details. don't risk more than 1% of your account on any position.
JPYX has returned to the earlier demand zone highlighted across both hourly and daily timeframes. Additionally, we've observed the fulfillment of a five-wave count within the current bearish trend, suggesting the potential for a reversal at this established demand zone.
The JPYX has reached a significant support level on the daily chart. I foresee a potential retracement, considering its entry into past daily lows and the current price swing being excessively extended. A JXY retracement towards the 61.8 Fibonacci level may present trading opportunities. It is important to note that the information presented here is intended...
The Japanese Yen Index descending wedge pattern initially broke to the downside, the opposite expected move statistically. A double bottom formed shortly after and reversed hard to the upside! Now we're at the 200EMA Resistance, what are the next moves? How do we trade this? 🤔 There are no good trades to take on the Daily chart. We're too close to resistance,...
Japan's GDP for Q3 2023 has absolutely crashed by -2.1%. After a very good Q1 & Q2 growth, the markets & economy caught onto what was really happening. They unloaded the magical money printer… They printed out a ton of new money to prop up their economy. This has been exposed by their consumer spending collapsing. With inflation high, consumers have less to...
JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP...
According to the theory I have on JPYX tagged below and was my previous post, JPY has broken a triangle consolidation and seems to be showing signs of a strengthening yen, we can see in UJ we can kinda see the same thing happening. I will be keeping an eye on this pair into next week.
JPYX is still in this downwards ranging market, we can see in the regression channel how we are are contracting in a sense on a higher frame. Now we seem to have created this triangle consolidation, with these gradual lower highs and this sturdy support forming underneath. We could look to trade a breakout of this pattern, this could be either up or down at this...
Hello Everyone. After long time i want share my idea about JPYX which will be signal. After big and bearish movement we need somewhere correction bearish trend is strong but at the moment its weak and i see more buyers than sellers, i will try catch the bullish little movement and then i will make another analysis which will be short. after bearish movement we...
We look at the graph we can see that: JPYX is still in a downtrend. In recent times we may see a recovery, but in the end it is still hopeless. Japan currently continues to implement the policy of reducing interest rates to stimulate economic demand. Japan has experienced many years of deflation and this is the time to continue to stimulate economic demand, to...
so we can see that JPY has hit the major support area at 835 and starting to bounce before CPI. we should be cautious here for taking longs but over fundamental situation dictates that JPY is starting its rise. SL below -828 tp - 856 entry 835-832 it is continuation of over all flight to safety .... gold then USD and then JPY as risk off safe heavens ....
JPY INDEX correction is coming to an end and how does this helps us make good money? JPYX goes DOWN, xxxJPY goes UP like fire! Direction is currently BEARISH (Reason - PA, BB, EMA CLOUD, ICHI,DIV anticipation) // ENTRY for xxxJPY // When JPYX reaches those zones, take a LONG on xxxJPY (CADJPY, CHFJPY, AUDJPY, NZDJPY preferably) and also there's a room for...
After a long period of falling yen value from 2022, Japan could solve economics problems Reject from support area and a pullback to EMA20 and reject from it Ready for fly to resistance area Strong bullish momentum in JPYX
Japanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the...
Based on Technical Analysis I see EUR/JPY dropping :) Let's see what we get from this trade !
We can see JPYX has broken a downtrend, and price is holding above the TWAP Currently, I think to start with we can look for JPY Pairs to fall further before eventually finding balance in the previous regression channel despite the fact this had a slight seller imbalance it can be a good long term target if the market can keep breaking the levels suggested.