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JAPANESE YEN / TURKISH LIRA

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JPYTRY trade ideas

TRYJPY - Daily - Very closeTrade Alert TRYJPY is balancing closely to the medium-term upside support line, taken from the August lowest point. We will continue monitoring the pair carefully, but if it breaks below that upside line and closes the daily candle below the 20.65 area, this could be a warning sign for the bulls and they could start abandoning the field. For now, be very cautious, as TRYJPY could also reverse straight away higher and move above the 21.30 barrier, which then opens the path towards the recent highs near the 22.00 hurdle, or even higher. Always have your SL in place. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with the Company.
by JFD_Research
TRY/JPY 1H Chart: Medium-term channel in sightThe Turkish Lira has been driven by a strong upside momentum against the Japanese Yen since the middle of August, and thus sending the currency pair to the weekly R2 at the 21.94 mark. As apparent on the chart, the pair is testing the upper boundary of the medium-term ascending channel near 22.10. Given that the exchange rate is being supported by the 55– and 100-hour SMAs, it is expected that a breakout north occurs in the nearest future. However, if given channel holds, it is likely that a reversal south occurs soon. Important support level to look out is the 200-hour SMA, currently located at 21.05.
by UnknownUnicorn890690
[Short] TRYJPY Reversal on the wayCloud Analysis: M: Bear W: Bear D: Bull 4H: Bull 1H: Bull 15Min: Bull => Bear twist Verdict: Bearish long term future, short term is Bullish Price quite far from the Kijun/Tenkan on many smaller time frames, we should expect at least a short term retracement to a support level. TSI Analysis M: Oversold, Bullish Cross W: Trending up, approaching resistance D: Overbought, little bearish divergene 4H: Bull, trending up, close to overbought 1H: Bull, trending up, not overbought 15Min: Neutral Verdict: I think we still have a little bit of upside, the 4h and 1h, showing some strenght will probably continue to make the price trend up while the bearish divergence of the daily continue to build up. The real test will be around the weekly resistance. We could see one more last push upward before the next correction TD Sequential Analysis M: Red 5 W: Green 9 D: Green 7 4H: Green 4, Ranging 1H: Green 4, Ranging 15Min: Ranging Vertict: The monthly still have a potential of 4 more months of downside, the weekly signal a top, while the daily still have a little bit of upside, The remaining upside on the daily is in sync with the weekly TSI approaching resistance while crawling up, According to the TD it means we could see a top early next week before getting at least a to 1-4 week pullback or even resuming the monthly downtrend to retest the monthly low(also all time low).
Short
by jihadwu
TRYJPY: Big short opportunity.This pair has been trading on a very long term 1M Channel Down (RSI = 31.162, MACD = -4.539, Highs/Lows = -2.4883, B/BP = -6.1380) since December 2014. The 1W bullish sequence is approaching the 22.300 - 23.450 Resistance zone, which is a Lower High mark on the monthly Channel Down, hence the most optimal short entry. TP = 11.900. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
TRY/JPY 1H Chart: Previous forecast at workThe previous forecast worked, and the TRY/JPY currency pair continued to trade in a short-term ascending channel. As apparent on the chart, the exchange rate is supported by the 55-, 100– and 200-hour SMAs near the 19.80 mark. It is expected that the pair surges towards the resistance cluster formed by a combination of the weekly R3 and the monthly R2 in the 20.42/20.69 range. However, if above-mentioned moving averages do not hold, it is likely that the rate goes downwards to re-test the lower channel line in the 19.60/19.80 area.
by UnknownUnicorn890690
TRY/JPY 1H Chart: Supported by 100-period SMAThe Turkish Lira has been appreciating against the Japanese Krone since the pair reversed from the 2017/2018 low at 15.63. This movement has been bounded in a medium-term ascending channel. As apparent on the chart, the exchange rate is testing the lower trend line at 18.48. Also, the pair is supported by the 100-period (4H) SMA at 18.27. From the theoretical point of view, the currency pair should make a reverse and go upside. Potential target could be the 19.20/19.40 range. However, if given channel does not hold, a breakout might occur in the nearest future, and the rate might aim for the weekly PP at 18.07.
by UnknownUnicorn890690
TRY/JPY 1H Chart: Pair flashes bearish signalsThe Turkish Lira has been depreciating gradually against the Japanese Yen for a long time. This allowed the pair to reach a new 2013/2018 low at the 15.68 mark. The pair managed to reverse to the upside from this level and test the 55-, 100– and 200-hour SMAs. However, technical indicators for the 1D time-framer are in favour of further decline towards the weekly S1 at the 18.02 mark. It is the unlikely case that some bullish pressure still prevails in the market, the Lira should not exceed the weekly PP at 18.26.
by UnknownUnicorn890690
TRY/JPY 1H Chart: Target set for 24.50The TRY/JPY exchange rate has been consolidating in the 22.6140/24.6060 range since the beginning of June. Its bottom boundary was tested last week. The Lira has since appreciated slightly and moved past the monthly S1. This up-move has allowed the rate to reach a medium-term channel. This pattern has remained intact, reinforced by the 55-, 100– and 200-period (4H) SMAs. However, it should also be noted that the pair has nevertheless remained trading along this channel. This shows that the Lira might be ready to surpass the given resistance cluster and target the upper range line at 24.6060. There is another important resistance level formed by the monthly PP and the 55-day SMA at 24.00 that could hinder the pair for a moment.
Long
by UnknownUnicorn890690