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Yenpairs

GBPJPY For A Buy To 153.00OANDA:GBPJPY As its continuing as an uptrend, GBPJPY has the potential to reach 153.00 by tomorrow. It broke 152.50 as it looks like it wants to rise up. In addition, Thursdays are usually a final day in the market to trade good clear setups. To check the days for Forex pairs volatility, Tradecaptain is highly recommended. According to Tradecaptain, GBPYJPY has the highest day of volatilty for Thursday. You must be on the lookout for price at 153.00 as this is a 50 pip move for those entered at 152.500. tradecaptain.com
Long
by JoeJohnsonIV
DOLLAR REVERSAL ON?! USD/JPY MAY TELL THE STORYFundas - So with the Dollar starting to show some strength towards the end of this week and no more major catalysts for the short term, bulls may be testing the waters from here. The main risk to the markets is the Syria situation, which seems to be clearing up, however weekend gap risk still remains if new information comes to light. Techs: I don't trust an initial breakout of this consolidation between 107.50 and 106.50 for a long play, I expect there to be sellers at and around the 108 handle. If price pulls back and defends the 107.40-50 area, I would be much more inclined to go long then with a stop below the 107 handle, expecting a launch back into the 109.25-110 zone for a solid r/r trade
Long
by StellarCraig
4
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