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Yenpairs

USDJPY LONG Update...Last Thursday I wrote about the potential trend change for the YEN , which has been dominant since November. If you're interested, go back and take a look at that post. We all know that Technical Analysis is an art and that fundamental analysis, while a little more empirical, still requires interpretation. However, price action fell right into my lap and I got in early on a couple long trades. Market action for the YEN seemed to suggest a potential shift and we're seeing an inkling of that with pairs such as the USDJPY and AUDJPY, both of which I am currently LONG. With that said, although we've broken out of the downtrending channel, we are now in a range between 105.25 and 107.750. I have set my target right around the 107.750 as I anticipate selling pressure around this area.
Long
by jrashaadtrades
ZAR/JPY 4H Chart: Climbs towards 8.40ZAR/JPY 4H Chart: Climbs towards 8.40 The South African Rand is actively appreciating against the Japanese Yen in a one-month long ascending channel. The pattern represents a part of a larger falling wedge formation. Accordingly, the surge is expected to continue. This assumption is supported by the rising 55-, 100- and 200-period SMAs that are moving along the lower trend-line of the channel. In addition to that, 51% of traders are bullish on the given currency pair. On the other hand, there are two alleged resistance levels located at the 8.395 and 8.456 marks that might not only halt the surge but also lead to premature turnaround. However, this scenario is unlikely to materialize without some relevant fundamental event that would to spike a demand for safe haven asset.
by UnknownUnicorn890690
usd yen analysis Good afternoon everyone okay looking at usd yen we are in a down trend is what it appears me , however here are a couple things I see : we are in a channel down : down trend now if this breaks this channel as I have shown I will wait for the retest along with putting the stop just below the previous lows as shown and go long or if this market reacts to the channel and keeps going short , I will wait for it to hit where all the buyers are and look for a place to get into the market for a long your friend Kris www.mymentortv.com
by mymentortv
JPY index: expecting more strenght within the RangeAfter completing a 5 waves upmove which ended up broken in a strong impulsive manner, the yen is stuck in a Consolidation pattern which remains yet to identify but could be a Range. After failing at breaking lower, price bounced and is now forming what looks to be bullish flag. Unless price manage to break the bottom, I'd expect more upside to revisit the top of the range where we also find an Open gap created by the results of the first round of the French Elections.
Long
by RudiMarin
GJ short, the start of a new bearish run?We’ve seen a 100 pip consolidation range for the majority of this week, price broke the bullish trend line mid-august dropping down to 140.00. We’ve seen a retest of the bottom side of that trend line over the course of this week which is the 142.50 mark (its held firm) we are now also seeing the start of a new bearish trend line created from the last 147.50 hit which again touches around the 142.50. 55 day and 110 day ema’s sitting just above 142.50 as resistance. Is this now the beginning of a bearish run for GJ?
Short
by jonjamesfx