JPYX
SWING TRADERS DELIGHT.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.
GBPJPY 4HA deeper look at my previous post on GJ, it is starting to show signs of life, as we see another head and shoulders formed.
JPYX WILL REVERSE ON THE DEMAND ZONEJPYX 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.
JPYX Japan Currency Index IdeaThe 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 solely for educational purposes and should not be interpreted as financial advice.
JPYX → Bear Fakeout! Descending Wedge Bull Breakout! Now What?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, RSI is over 75.00, and our protective stop for a long position would have to go back down at the breakout point, giving us terrible Risk/Reward. A long would not be ideal given this analysis. I would wait for the price to come back down to the Daily 30EMA and look for a buy signal and confirmation to enter a long.
Shorting on the other hand may be an option. Since we're near a resistance zone, a protective stop could be placed above the 200EMA and short to the 30EMA on the 4HR chart. The Macro Trend is bearish, so this would be the ideal direction to trade on the higher timeframes such as this one. I would use the 4HR chart to enter a short, and use the Daily chart to look for a long position.
💡 Trade Idea 💡
Long Entry: 763.0
🟥 Stop Loss: 756.5
✅ Take Profit: 776.0
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Descending Wedge Patern, Bullish!
2. Breakout below Wedge failed!
3. Double-Bottom Reversal, broke out above wedge.
4. Resistance at 200EMA, Wait to Enter.
5. RSI at 75.00, wait for a pullback.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
JPY Declines on Q3 GDP Loss.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 spend which is affecting their GDP this quarter. So after the fake ‘demand’ presented in Q1 & Q2, the economy can no longer keep up the facade from money printing.
JPY- The big short?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 data, however GJ showed strong rally against the YEN ect, We know would like to see some entries to trade a potential imbalance to the downside as the great fall of JPY looks set to continue.
USDJPYAccording 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.
JPYXJPYX 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 point so it is something to watch in the next trading days.
JPYX Analysis. Another signal.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 have price consolidation where se see liquidity both side, last time price make pretty strong up movement with high volume which gave me some interested area and ill try open from here my long.
Open position - 769.2
Stop loss - 766.7
Take profit - 777.0
If my price prediction will be right at the index, i will long most JPY pairs.
Good luck everyone!!!
Manage your risk!!!
JPYX is still in a downtrend.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 be able to integrate with the world.
Looking at the technical analysis, we can see that JPYX broke the nearest bottom, then recovered for another short-term span and dumped again.
It is very likely that they will have to return to the lower trendline of the down channel ( 73x ).
JPY-related currency pairs.
Priority BUY for currency pairs:
XXX / JPY.
Good luck everyone !!
JPY Long Ideaso 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 .
best of luck
JPYX Correction ENDING soon. **READ**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 scaling here.
// INVALIDATION //
IF JPYX close ABOVE PWH then we need to hedge out and roll out the position (Learn this in the channel).
TARGETS - We will exit our xxxJPY trades when JPYX hits 200EMA on H4
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
JPYX BullishAfter 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
JPYX INC BULL SWINGJapanese 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 horizon
However the tides are still shifting for the YEN and the consensus of a great majority of economists in the region is that its not a matter of IF QE will stop, its just a matter of WHEN
Assuming our critical fibo level holds as support for the WEEKLY uptrend, then we should see the DAILY/H4 trend turn from BEAR to BULL at these levels
Our targets are painted by the Fibo Extension of the potential support levels
EUR/JPY SHORT Keep Digging !Based on Technical Analysis I see EUR/JPY dropping :)
Let's see what we get from this trade !
JPYX PlanWe 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.
EURJPY shortSell EURJPY for bearish continuation
My 1° entry on friday 144.86 at 14.13 UTC+1 SL 145.30 currently at BE 144.85.
My 2° entry would be a sell limit 143.90 with SL at 145.30.
www.tradingview.com
US10Y
JPYX. P-Modeling Pt 1. The Shadow Eyes of CajunWelcome Hyperspace Travelers.
The eye of Cajun sees JPYX getting help from the 10Y in order to prep for SPX JGB JPYUSD VIX weight transference using Kinetic Energy Distributions.
The currency index is at 837.7 with a probability distribution that expands the lower levels down to 687.00.
This equates into longing USDJPY until 147.00 and playing a 4 cubic retrace at each new E value.
Long Swing Trade
USD/JPY
Entry: 133.xxx
TP1: 141.2
TP2: 143.5
TP3: 146.8
As well as playing the long movement that has gathered immense scrutiny.
I will attempt to nail the 4x cubit retrace defined at each new E.
Unfolded.
The incoming movement stringed segmentations will yield thousands of pips up until EOY.
Thanks for Pondering the Unknown with Me,
Glitch420
UJCan look to scale in to UJ here potentially with JPYX signalling more downtime we might be able to add more risk to long positions here as we approach some previous highs.
JPYX Vs XAUJPYX and XAU correlation, we can see a move down in JPYX should price XAU in around that area of balance, around the $1700 mark charts to follow.
JPYXWe could see a sell off in JPY here, we can look to the yen crosses to deliver some profits if we see a downmove in JPY here we can look to buy against the Yen.
