Key SupportWith a lot of the Yen pairs looking over extended here its worth noting the Japanese futures is approaching a key support area for a potential bounce
6J1! trade ideas
More downside for YEN?Hey guys, Ive been tracking yen futures and posting updates for forex fb group. This is good to look at for JPY pairs. Looking for more downside on YEN, so upside for xxx/JPY pairs
J6 06 April 2017There are several divergences on volume on way up. There is also increasing volume on down swing. This is bearish change behaviour. I expect move down on Yen future. It means on forex pair USDJPY.
Yen futures are offBreakout for the Yen. Looks like we'll strengthen at least to the 200dma at 0.9280. Stop below 0.8950.
J61!, potential support at necklineAfter peaking up in Jul,
yen wasnt able to break that triple resistance and fell back down
we shall see if price can find support
at the neckline of pseudo inverted H&S
Nikkei index & YEN index - Why i think DXY need rest ? (part 5)Take care and good luck.
Thank you for your support.
Japanese Futures Buy Setup Daily ChartBullish Crab + Candle Stick Reversal Pattern+ Regular Divergence + OverSold
Japanese Futures find a road blockJ61! looked bearish as bearish can be, though they had come out of a larger up trend, so I can only presume that they are correcting and looking for more buyers. "Bulls take the stairs, Bears use an elevator".
The fib says that the Yen has interest here at the 61.8
If you look left we've come down to an area of balance and based on the presumption that we are correcting the up trending channel there should be buyers here.
0.86 and 0.84 are other long areas of interest, so if we don't get a reversal here, look out below.
JPY futures analysisComing off a triple top bearish pattern, price is at the lowest level since July. If the current trend continues down I'm looking at the 38.2, 50, and 61.8 Fibonacci retracement levels to cover the position.
JPY fx daily viewPrice is at a key support level, a turnaround to the upside would confirm the ABCD pattern and retest the highs of the range, A break below support would invalidate idea.
***Long Opp***1) Long term trend is up given by the 89 day sma over the 89 week sma.
2) Recent price action has created a great opportunity to trade with the trend!
3) Spike in volume.
4) Fractal momentum has reached a maximum to the negative.
5) Fractal acceleration has turned positive.
One could buy the future contract or short the put option for a more conservative approach.
Trading futures and derivatives involves serious risk of financial loss and may not be suitable for all investors.
