The Dollar/Yen has been in a downtrend for quite some time. Many traders, myself included, believed that the dollar was headed up. But…when the supply line of the trend channel was reached, prices did just as expected — turn down. As we speak, we have a trading range taking place in the middle of the major trend channel, which I believe is a pullback before...
There is a lot of Yen volatility right now which can precede a crash.I am long in Yen, Gold, GDX. I am mostly in cash.
JPYUSD is following an upward channel. FOMC and BOPJ did not intervene.JPYUSD has been much higher in the past and may do so now. Note tntsunrise and others gave a buy signal on this last turn up.
After Bernanke visited Japan, and whispered into Kuroda's ear, the market reacted with a strong decline in the Yen, accompanied by a broad risk on rally that absorbed the Brexit losses. It's possible that this rally has topped, with all or most bears forced to cover their shorts, collaborating with the momentum run. If you are a 'Key Hidden Levels' subscriber,...
USDJPY ABCD PATTERN IN PROGRESS THE NFP REALLY HELPED THIS MOVE I STILL THINK THIS HAS A FEW MORE DAYS TO DROP AND MAY HIT THE D EXTENSION
USDJYP ON A WEEKLY CHART HAD TAKE A SUPPORT NEAR THE RANGE OF 106 LEVEL. TODAY CURRENTLY TRADING NEAR THE RANGE OF 110 WE LOOK TO TAKE A BUY FROM CMP RANGE FOR A PRICE TGT OF 112-116 LEVELS IF HOLDS THE LEVELS OF 107.
SELL 109.75 | STOP 110.05 TAKE 109.40/109.15/108.80 BUY AROUND 109.10 | STOP 108.70 | 110.00
DXY has failed to move about 100 in the short term, setting up a potential fall to test support. Yen has been the strongest currency against the dollar allowing an entry here with optimal Risk-Reward. Likely test of last years low wick of ~116.00
The USD/JPY is selling through a big support zone , if it breaches 118.20 might be a large drop down . a break above 119 ish & it may retrace I'm thinking Short
Summary: All signs are pointing to a significant breakdown in the AUD/JPY... Commodity currencies are under extreme pressure due to a global slowdown and suppressed commodity prices. In an extremely volatile and high risk market, investors will fly back into the Yen as a safe haven and dump commodity currencies. We also have upcoming rate cuts coming out of...
Looking at the majors in e-mini Forex, here is a quick synopsis of potential price action - Black levels are model-based R/S level projection; Colors are TG-Hi/Lo in red and TG-Hix/Lox in purple. $EUR vs. $USD: Expected to lose ground against USD. A hard structure stands at 1.1538 to invalidate this bearish outlook. In opposite, a softer ground at 1.1267 would...