JXY long (Correlation)Hello Traders !
JPY Index is good for Correlation.
We can see that the price is right now at the Support line. I expect it to go up.
All XXXJPY pairs should drop now. They fit to all other analysis I made on XXXJPY pairs like GBPJPY, USDJPY, ...
Let me now in the comment section below your view on GBPJPY and what you think about my Analysis.
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Thank you and we will see next time
- Darius.
XDN trade ideas
Japanese Yen Index (Wait 99 points for a break up)The Japanese yen index on the historical frame is bullish and it is currently making a correction to be launched, but in the long term it is in a downtrend and made a correction in the form of a symmetrical triangle by breaking this triangle and it is 88 point , so that the direction and descending completes to the levels shown below is confirmed, while the alternative scenario, which is the closest vision to it, is the rise. but with a condition that it must break even to complete its historical ascension and without breaking it, it will enter a phase of fluctuation, but by breaking its point 88, it will complete the decline as noted.
Jpy Index OutlookJpy looks like it could have a strong finish of 2019.
The index is trading on an ascendant trend, putting in higher lows
Friday candle is a pin bar and a break of 92.20 zone could expose 93.50 zone in the medium term.
Strategy:
Look to sell especially EurJpy, AudJpy, CadJpy and ChfJpy