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Yenpairs

3-bar bullish reversal on USD/JPYAfter an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher. A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal (Morning Star). - The bias remains bullish above Friday's low, although bulls could seek bullish setups on lower timeframes if prices pull back towards Friday's high - or wait for a break of yesterday's high to assume bullish continuation. - An initial target is around the 38.2% Fibonacci ratio / 133 handle - A Second target could be around the monthly pivot / 200-day EMA / 50% retracement level
Long
by CityIndex
USD/JPY BEAR SWING RETRACEMENTUSD/JPY bear swing was absolutely beautiful, but we are not done yet Usdjpy has a looooong way to drop still, the impending US recession is not going to be pretty and the moment the market gets a single whiff of hawkish-ness from the BoJ, this pair will sink to the bottom of the ocean like ATLANTIS In the mean time however it looks as though the bear swing has run out of some steam, and a healthy retracement is in store. Fundamentally DADDY JPOW just raised the US rates by 25 basis points, which in all likelihood will bring some short term support to the dumpy dollar. Either ride USDJPY to the Yellow or Green zones, depending on how strong momentum and price action is.
Long
by NakedTrading4U
2
AUDJPY - The corrective structure will continueAUDJPY overview AUDJPY has broken the low created in December last year, which confirms that the most probable path is continuing the bearish corrective cycle WXY until reaching at least 81.455. This fact opens us the opportunity to look for shorting opportunities until we reach that level. We will not blindly enter to sell AUDJPY in any case. Only if we see clearly a corrective structure we identify and it provides us with a good Inflection Zone, we are going to sell it with a very high probability of having a profitable trade. AUDJPY is an asset to monitor, and we will keep you updated if the selling opportunity appears The market is constantly repeating the same type of defined structures. Learning them and being able to spot them on the charts will completely change the way you trade.
Short
by TradingtheRightSide
1
Elliott Wave Favors More Downside in GBPJPYDecline from 2.28.2023 is in progress as a 5 waves impulse Elliott Wave structure. Down from 2.28 high, wave 1 ended at 160.02 and rally in wave 2 ended at 164.14. Pair resumes lower in wave 3 towards 159.19, and wave 4 ended at 160.49. Last leg lower wave 5 ended at 158.51 which completed wave (1). Wave (2) corrective rally ended at 163.34 as a double three Elliott Wave structure. Up from wave (1), wave W ended at 162.18, and pullback in wave X ended at 158.94. Wave Y higher ended at 163.34 which completed wave (2). Pair resumes lower in wave (3) with internal subdivision as another 5 waves in lesser degree. Down from wave (2), wave ((i)) ended at 160.67 and rally in wave ((ii)) ended at 161.86. Pair has resumed lower in wave ((iii)) and broken below wave ((i)). Down from wave ((ii)), wave (i) ended at 159.91 and wave (ii) rally ended at 161.01. Expect pair to continue lower within wave (iii) of ((iii)). A break below wave (1) at 158.51 would confirm the bearish view and rule out a double correction. Near term, as far as the pivot at 163.34 high stays intact, expect rally to fail in 3, 7, or 11 swings for further downside.
by Elliottwave-Forecast
Bullish on Yens Long TermOn the monthly timeframe, began 2022 wicking off 38,2 and ever since have just consolidated Very similar looking to all prior long term corrections; back during all the hoopla we saw price flirt with 2,618 expansion level, never quite breaking above it If this March 2023 candle closes above the 20ma, it would lead me to believe the bulls are about to have their way as far as printing candlesticks goes The 3,618 expansion level does coincide with the -41,4% level, which in my experience has been a commonly hit target if fibonacci is incorporated into the overall analysis I do not typically use it but mainly on the Monthly/Weekly timeframes Let's see if we do get some bull momentum here in the next 2 months...
OANDA:JP225USDLong
by DJdSchu
GBPJPY I Potential short from resistanceWelcome back! Let me know your thoughts in the comments! **GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
17
AUDJPY: Japanese Yen Continue to Strike Back?Hello Fellow Forex Traders, Here's a Technical outlook on AUDJPY! Support the channel by giving us thumbs up and sharing your opinions in the comment section below! Chart Perspective AUDJPY is breaking out of the Bearish Flag pattern while rejecting resistance from previous support area. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator shown a death cross (waiting for candle close in 25 minutes from the time posted). The death cross signals a possibility of bearish trend continuation. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/ resistance area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
Short
by financialfreedomgoals101
8
USDJPY short There are two possibilities The first to make down move to TP1 area and then break the last top The second a bearish wave without breaking the top and make correction within TP1 and TP2 In both cases, we are making down move to TP1 I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart TP and SL positions have been identified on the chart good luck
Short
by zoneofbasem
1
GBPJPY:Buying dips worthwhile!GBPJPY Intraday - We look to Buy at 164.85 (stop at 163.65) Buying pressure from 164.36 resulted in prices rejecting the dip. The current move higher is expected to continue. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 168.30 and 168.70 Resistance: 168.70 / 172.15 / 174.20 Support: 164.00 / 161.10 / 158.70 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
1