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Usdjpy-trading

USDJPY Possible Short Trade Hello Traders, today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices. This may be first clues that a lower extend to the downside is possible. Looking at our Intermarket indications, which always gives us a clue about potential market capital flows, it seems that further outflow may follow as all of our indications look south with a tendency of staying for a little bit below the midlevel. However, the market may oscillate a little further around trendline break before potentially falling further to the downside due to massive outflow in the previous hours! We will wait for today’s close and see if potential trading opportunities occur. Let’s see. We will keep you updated!
Short
by secrets2trade
3
USD/JPY - Nice rounding bottom on the daily chartAs we can see, the spot has formed a nice rounding bottom on the daily chart over the last five months. The chart thus suggests potential for a rise to 106.00-107.50 levels. A bullish Dollar-Yen chart ahead of the US elections once again point to the low odds of Trump victory. But as said earlier, charts are unreliable given the markets have been responding to the unreliable polls. Nevertheless, the chart does say that dip demand still could be seen post Trump victory. Bullish invalidation is see only below 100.00 levels.
by TipTVFinance
Inverse correlation between Bunds and USD/JPYBunds and USD/JPY are inversely correlated since June 2015. This is precisely the time when market began questioning the efficacy of the BOJ policy and Yen began to rise. Prior to June 2015, Bunds and USD/JPY pair shared a direct relationship…given that stimulus in Kapan pushed bond prices higher across the globe. 10-yr Bund prices could extend the recovery to 167.00 levels or so over the next week… given the Dollar-Yen pair has suffered repeated failure around September highs and the retreat to 103.60 today amid bearish crossover on the daily MACD suggests the bird is likely to extend losses further over the next week. Given the inverse relationship… losses in Dollar-Yen means Bund prices could move higher to 167.00 levels.
OANDA:DE10YBEUR
by TipTVFinance
USD/JPY – Bearish move likelyDespite recovery from the low of 103.16 (Wed low) and a positive move to 104.10 on Thursday, the subsequent failure in today’s Asian session at a high of 104.21 followed by a drop to 103.80 suggests the pair could revisit 103.16 – 102.80 levels before making another attempt at breaching the September high of 104.32 on daily closing basis. On a larger scheme of things, only a daily close below 100-DMA level of 103.00 would bring in a more sustained weakness to 5-DMA, while a daily close above 104.32 would open doors for further upside towards 105.00-105.00 levels.
by TipTVFinance
USD/JPY – Watch for break above September highsPair’s rebound from 103.33 (previous day’s low) has left the doors open for a continuation of the rally from Sep 27 low of 100.08. However, traders need to wait for a 15-min or hourly closing above 104.32 (September highs)…especially after Yellen speech. Usually we wait for daily close above critical resistance for confirmation. However, possible dovish comments from Yellen and the fact that it is trading near 104.32 gives us little room to wait for daily close. On the lower side, only a daily close below 102.81 (Oct 10 low) would signal bullish invalidation.
by TipTVFinance