Possible to short JPY!!! Currently, the JPY index is on a resistance level. Daily and 4 Hour time frame RSI are in oversold level. Also forming divergence. Possible to go down. We can see long trades on JPY pairs.
JPYBASKET trade ideas
JPY Market insightThe higher Timeframes tell us we Long term Downtrend however we have seen less intent of movement to the downside.
Things to Consider before a Trend change:
1.Break of previous Lower high .
2.Create new Higher highs x2 or move
3.Reject Broken key levels.
Till then we should be considering selling on the Long-Run
FXCM's JPYBasket Testing EMA on WeeklyThe FXCM JPYBASKET has been consolidating since march on the weekly timeframe (blue rectangle). Two weeks ago, the basket made a concerted effort to break above its black 30-week EMA. However, this has not been convincing and price fell back to the EMA last week. We are looking to see if it is able to maintain its bullish momentum. If the basket is able to stay above the black EMA and the EMA turns up, it will be regarded as a bullish development for the basket.
JPYBASKETJPYBASKET
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next week we are buying JPYBASKET.
JPY could nicely FALL again!Hey tradomaniacs,
The JPY-BASKET is currently testing a strong resistance-zone after the breakout of a triangle 👉
So far sellers are taking some action and try to defend their zone which could lead to a pullback back down to the 61,8% fib-level.
A little bit suspicious is that a tringale usually contains 4 Waves, from A-D. Since a triangle is always a 50/50-Game due to the obviousness of retail-positioning which are waiting for breakouts, I expect price to move down as this could be a fakeout.
If this is the case and the US-DOLLAR keeps falling, we might get a great chance to catch dips at GBP/JPY and EUR/JPY.
Watch it carefully if you trade JPY-Pairs❗️😊
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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JPYBasket Hourly Dips In StrengthJPYBASKET is in the bullish area on the daily chart on the left. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop below hourly support in conjunction with risk management techniques needed.
JPY could move UP!Hey tradomaniacs,
with the retest of the previous breakout we could see another impulse upwards as UR YIELDS are currently falling, which is basically good for JPY.
Interesting to watch would be AUD/JPY, NZD/JPY, EUR/JPY aswell as GBP/JPY since all these curencies against the major USD were very weak today as expected.
JPY-Strenght could cause JPY-PAIRS to "catch up" with the moves of the day.
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JPY could fall very SOON !# GoodChancesHey tradomaniacs,
Its the same old story 👉 The market awaits more inflation-data from the USA aswell as the European Central Banks meeting to get any hints for possible tighter monetary policy plans.
On thursday we get a bunch of important data, such as the U.S. initial jobless claims, U.S. CORE CPI and the ECB Interest Rate Decision which is probably a reason for the market to stay in its current ranges and continue the week with some choppiness.
I`m personally focusing on JPY-Trades today as I see a great chance coming here soon 👉
Looking at the JPY-BASKET we could get a trendcontinuation here very soon and so great chances to sell JPY against other pairs, auch as AUD/JPY, EUR/JPY aswell as GB P/JPY, where I see good opportunities coming soon.
Let`s see! =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
Looking For Bearish Crosses on JPYBASKETJPYBASKET is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop above hourly high in conjunction with risk management techniques.
JPYBASKET in for a pullbackHI Everyone,
Over the last few days we have been watching the JPYBASKET get squeezed in a falling wedge which is a possible reversal pattern, we have now broken out of this wedge to the upside and we now seem to be forming an inverse head and shoulders pattern.
The right shoulder lines up perfecting with the .786 fib and a break - retest of the wedge,
I am anticipating a pull back to around 9200
JPYBASKET SellBreak lows corrective test confirmation to anticipated direction take your bag of pips Home
EDUCATION - SPECIAL INDICATORS Hello traders,
Today i am highlighting how to effectively use JPYBASKET and DXY when using technical analysis.
I hope you enjoy the content, if so please like and follow the channel.
Comment below with any questions you may have.
Safe trading.
JPY INDEXJPY index is never succeeded brek above bullish area zone
and close in Fri in the middle PIVOT POINT
JPYBASKET Daily Double Bottom DivergenceYen Index Showing signs of possible strength with Double Bottom on support along the RSI Divergence.
With this we can see all the JPY related pairs get impacted.
Wait and watch the day scenario....
JPY could continue to FALLhey tradomaniacs,
JPY is currently testing a very strong resistance-zone and could continue to fall 👉
If that`s the case and we see rising yields, we can consider to BUY EUR/JPY as US-DOLLAR is under pressure!
