👀 👉 The USDJPY pair recently broke structure bullish, as seen on the 4H timeframe. In this video, we closely examine the DXY, JXY, and USDJPY, discussing the trend, market structure, and price action. We also explore a potential trade setup. **Disclaimer:** Forex trading involves significant risk, and market conditions can change quickly. The information provided...
Fractals , Fib in log chart simplicity not sure how correlation works with usd, cause usd seems getting strong.
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...
Is USDJPY exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern(ON LOWER TIME FRAME) at resistance level, suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 147. What you guys think of it ?
With BOJ ultra loose monetary policy, JPY value looking to depreciate overtime in long term. Recently, with the news of Fukushima radioactive water release into the Pacific Ocean announced by Japanese government believe would be impact Yen, and making JXY value expect to fall as faster than expected.
JXY index fall tremendously last week, greater than our expectation. Indicating weak buying sentiment at JXY previous support level at 69.00. However, although we're expecting JXY will hit further lows in long term, next week may have a small bull(short term bullish outlook) on JPY against other currencies.
JXY reaching 69.00 support level at 69.00, Yen buyer may start collect yen for short term pull back before JXY testing the next low. JXY seems able to take a breath ahead next week.
Would Japanese Yen Index continue making new lows in order for other currencies to break new highs?
AUDJPY is trading is bullish parallel channel and currently trading at top of the channel which also acting as the resistance to pair. Will the bear take benefit from these confluences and push price to lower side?
EURJPY is in strong bullish trend and seems like it is going to form AB=CD pattern. As BC leg retraced to 50% fib level and reacted well also because of strong area of value. Will it complete CD leg ?
forming bearish pennant in h2 tf im\ncase of breakout expecting another 250 to 300 pips bearish move NOTE always wait for breakout to be confirmed not a financial advice
Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in...
PRICE WAS IN TRIANGLE AND NOW TRYING TO BREAK DOWNWARD WE ARE WAITING FOR ITS STRUGGLE TO END AND GO DOWN TOWARD 87.31 AND THEN 86.59 JXY ANALYSIS IS IMPORTANT AS WE CAN TAKE ADVANTAGE FOR OUR PAIR ANALYSIS WITH WITCH ONE SIDE IS JPY ANY COMMENTS PLS SHARE
Japanese Index will grow up soon after retest. This idea to help you using pair for XXXJPY If you have idea. Leave comment below and dont forget give me like. Thank you