🔸 USDJPY - into the elections Sellers have the move and already played the exchange towards 100 on the initial covid chapter I. They are aiming for the ideal Yearly closing position (the frontal attack against any laggards). I managed to carry out the deeply laid plan (a serious contender for chart of the year) at the beginning and by not being as familiar...
Hello, our previous short hit the target and you can check it here , we are again looking for sales rallies... This time we will try to use the raise towards 76.10 / 50 to enter the market Stop above 76.85 Target 73.85 / 25 Good luck
📌the USD/JPY currency pair reached one and a half month lows this week at the middle of the 104th figure. In this price area, the southern momentum has faded and now traders are at crossroads: on the one hand – the weakening greenback which again began to lose its positions and on the other hand – the lack of weighty arguments for continuing the downward movement....
📌 The Nikkei would have freed some space to the downside with a technical break last week, but given that we have not pierced the support line and buyers are still well-placed we must be wary of a retest in the highs of the multi year top at 24,000 - the same level we have been tracking since 2018!! The more interesting notion comes from the Global Equity...
📍 JPY Buyers are threatening to breakout. After 107 comes 110 and then 112.x. But sellers have other trump cards, for example covid. My impression is as follows: as the dollar firms and finds a temporary floor therefore can be considered a bounce into the elections which can be somewhat double-edged. If the preconditions are met, namely if we get a...
One of the pairs that have been without a clear direction for the longest time is USDJPY. In the chart we see that for the second month we have lower peaks and higher bottoms. This is one of the most famous and reliable figures - a triangle. Such triangles develop at almost all periods. From monthly to 30m. However, if we open the weekly and monthly chart , then...
USDJPY currently trading in a squeezing channel, price like to run fast when it breaks out. I am biased bull on Japanese Yen, final target for this trade (if ever triggered) is 94 Comment what you think and share your analysis, Like and follow for more content
Chinese economy recovering strongly should benefit the AUD in the longer run, and once Abe’s successor is elected, BoJ’s ultra-easy monetary policy will likely be reaffirmed — paving the way for eventual JPY weakness. AUDJPY has closed above the weekly Ichimoku cloud and broken above resistance at 0.7680–0.7700 convincingly. Buy on dips for a test above 0.8000...
Hi Australian data (weak GDP, RBA below hawkish expectations and Retail sales overnight) plus short term chart are against the bulls. If we add negative sentiment during the New York session (still 2 hours and anything can happen there), we do have good ground for short positions; Selling rallies towards 77.55 / 75 Stop above 77.95 Target 76.15 Good luck
So much for the round of chart updates...@ridethepig has been taking some time off this summer to prepare for a very busy September onwards. 📌 NZDJPY retrace swing is running out steam at the 69.9x / 70.0x highs. While risk remains in the background despite the political fairy-dust, the urge to park capital in the Yen has been maintained but for how much...
Hi, yesterday evening news hit the market: UK press reports the UK is close to abandoning a post-Brexit trade deal with EU and thats one of the helping hand for sellers... Selling between 135,80/136,40 Stop above 136,50 Targets: 1. Intraday 134,30/20 2. 132,5 3. 130 Good Luck !
CHF/JPY is again pulling back from 114.5 - a breakout would market a significant bullish shift The BOJ and SNB meet to decide policy this week
The elements of Macro strategy 📍 On the JPY side... It is well known the vulnerability of Japanese corporates in this environment, they are particularly exposed because of the demographics and sector exposures. Restaurants, bars, entertainment etc all are looking very feeble, and with...
Buyers made the completion of an ABC corrective sequence to end the move with today's NY session. Europe are now leaving their desks with defensive superiority at the 70.2x highs. Next comes a test of the lows as the next customary inventiveness of swings across risk markets enters into play. The promises of a vaccine any time soon sadly look like unicorns,...
Wide Aussie - JGB yield spreads in the 2000’s leading up to ‘08 crisis made Aussie dollar / JP yen the go-to levered carry trade used to fuel the US housing CDO bubble (with subsequent bubble burst → mass unwind which strengthened jpy to 70 vs USD). Post crisis era saw the AUDJPY carry trade out back on. 2016- BOJ implements YCC, pinning 10y JGB yields at ~0%,...
Updated TA from my previous post. This time on the 4H. Sellers held 100.75 and are now fighting for 99.80. If buyers take control here then we'll see a possible technical event in the yellow box with a confluence of: -multiple moving averages -100.00 handle where sellers can reject price from once again. Biased to the downside for reasons stated previously.
$SPY is range bound for the past 14 trading days. It remains above 20 EMA and hence constructive for the intermediate term. Next likely target is the 61.8 fib retrace at 293. $SPY closing below the 20 EMA may start the next leg down. CB's still firing bazookas with BoJ today declaring unlimited buying of government bonds and removed price momentum from its...
A good time to update the USDJPY chart as things are changing very quickly. Here you will notice risk-sentiment starting to take another turn for the worse, meaning we are again entering into a very advanced playing field and a short-term nimble approach is pragmatic and necessary to survive at these levels. The relentless stream of bad news on the virus front...