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JPY Currency Index

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JPYX trade ideas

How to Earn Money Online by Shorting JPY Pairs 🚀Sure, I can help you with that. Here is a possible rewrite of your post with more engaging language and emojis, and the key word "earn money online": Title: How to Earn Money Online by Shorting JPY Pairs 🚀 👋Hey traders, are you looking for a hot tip to boost your profits? Well, you're in luck, because our AI screener has spotted a golden opportunity for you: JPYX is ready to soar like a rocket in the next few days! 🚀 📈JPYX D1 chart shows that it had a Displacement and ChoCh in the first week of December last year, which means it was overbought and due for a correction. And guess what? Last week, it bounced off the support level at 753 and formed another ICT Long setup around 750, where there was a FVG in November last year. This is a clear sign of weakness and exhaustion. 😵 📉We predict that JPYX will soon hit the resistance level at 767.2 and then fall back below 760.8, which is the Buy Zone of JPYX. This is the perfect time to short JPY pairs and earn money online with Swing trading. 💸 🔥But wait, there's more! Our AI screener also reveals that EURJPY, AUDJPY and GBPJPY are the weakest JPY pairs right now, with strong downward momentum. These are the best candidates for Short trading in both Swing and Daytrade strategies. Don't miss this chance to make some serious cash! 💰 ⚠️Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
PEPPERSTONE:JPYXShort
by ICT_Trader_SB
JPY: Tokyo driftThe sharp falls in Tokyo inflation for January remind investors of the ending of the BoJ’s YCC and/or NIRP in 2024 are not set in stone. Tokyo inflation is a very good leading indicator for the nationwide inflation data. Tokyo inflation excluding fresh food as well as headline inflation plunged below the BoJ’s 2% target to 1.6% YoY; well below the consensus forecasts. January is the first time Tokyo inflation excluding fresh food is below the 2% target in a bit over 18 months. Tokyo inflation excluding fresh food and energy dropped to 3.1% YoY; also well below the consensus forecast. The Tokyo inflation data will challenge the increased confidence expressed by BoJ Governor Kazuo Ueda in his post-meeting press conference that the central bank will meet its inflation goal. This confidence helped the JPY stage a modest rally this week as JGB yields moved higher in anticipation of the formal ending of YCC as well as NIRP in the coming months. The Minutes to the BoJ’s December meeting continue to feed this speculation as Board members shared the view that deepening discussion on the timing and pace to raise rates was required. Another factor that can give ground to the Yen is the BOJ intervention in the Forex market which had already happened a couple of times in 2023. They are closely tracking the USDJPY rate and tend to intervene around the 150.00 level which is about to be tested soon. For now, BOJ prefers FX interventions as they are effective so far and not damaging the already deflating economy as real interest rate increases would do. The Japanese Governor Ueda is also using his words wisely as we can see, only speaking about potential interest rate hikes affects the currency as if they increased them already although getting out of the ultra-loose policy is highly unlikely in 2024. Check out my other ideas below:
PEPPERSTONE:JPYXShort
by Elite_Forex
JPYX on inversed chart. Testing JPYX on inversed charts, to match and time my GBP/JPY trades & zones. Notes: 2h structure:Going long, rooting for the current jpyx low to hold, waiting for it to retrace for the weekly bias Weekly: Source is a bit deeper down, may take a while to reach there. Until then, longs are worth a shot on the valid SnD's. For the bigger picture, a bigger retrace becomes iminent. The aim of this combo: To filter out bad snd's that lag behind or are simply deceiving.
PEPPERSTONE:JPYXLong
by Takezoo007
JPYX → Bear Fakeout! Descending Wedge Bull Breakout! Now What?The Japanese Yen Index descending wedge pattern initially broke to the downside, the opposite expected move statistically. A double bottom formed shortly after and reversed hard to the upside! Now we're at the 200EMA Resistance, what are the next moves? How do we trade this? 🤔 There are no good trades to take on the Daily chart. We're too close to resistance, RSI is over 75.00, and our protective stop for a long position would have to go back down at the breakout point, giving us terrible Risk/Reward. A long would not be ideal given this analysis. I would wait for the price to come back down to the Daily 30EMA and look for a buy signal and confirmation to enter a long. Shorting on the other hand may be an option. Since we're near a resistance zone, a protective stop could be placed above the 200EMA and short to the 30EMA on the 4HR chart. The Macro Trend is bearish, so this would be the ideal direction to trade on the higher timeframes such as this one. I would use the 4HR chart to enter a short, and use the Daily chart to look for a long position. 💡 Trade Idea 💡 Long Entry: 763.0 🟥 Stop Loss: 756.5 ✅ Take Profit: 776.0 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Descending Wedge Patern, Bullish! 2. Breakout below Wedge failed! 3. Double-Bottom Reversal, broke out above wedge. 4. Resistance at 200EMA, Wait to Enter. 5. RSI at 75.00, wait for a pullback. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
PEPPERSTONE:JPYX
by TraderEngineering