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JPYX

NZDJPY.Bullish Momentum Builds — Pullback or Lift-Off? After breaking above the 89.70 – 88.98 support zone, NZDJPY has entered a sustained bullish structure. Price stabilization above this zone shows strong buyer control, and any correction toward this area may act as a bullish pullback to retest support. 🟩📈 Price is now approaching the 91.94 – 92.33 resistance zone, an area that has shown significant reactions in the past. This level represents the first major challenge for buyers. A clean breakout above this resistance could open the path toward the key weekly resistance at 94.33, which may become the main target for mid-term bulls. 🔥 🎯 Potential Scenarios 1️⃣ Bullish Continuation (Primary Scenario) If price breaks and holds above 92.33 with strong momentum, NZDJPY is likely to continue its upward trajectory toward higher resistance levels. The market structure remains clearly bullish. 2️⃣ Pullback Toward Support (Corrective Scenario) If price fails to break the current resistance, a retracement toward the 89.70 – 88.98 support zone becomes likely. Such a correction could provide a new buying opportunity with a higher low formation. 📉➡️📈 ⚠️ Risk Disclaimer This analysis reflects personal opinion only and does not constitute financial advice or a buy/sell signal. Please apply proper risk management and follow your own trading plan. I am not responsible for any potential profits or losses. ⚠️ ❓ What Do You Think? Will NZDJPY break resistance first or drop for a deeper pullback? Share your thoughts in the comments! 📊💬
Long
by forexcitypro_leemeenal
1
GBPJPY Long Trigger That Nobody Talks AboutGBPJPY in the 15-min timeframe, after the previous two legs of the 4H uptrend, has now formed a range where breaking it upwards could reactivate the next MWC uptrend wave. Setup and Entry: You can set a stop buy above 203.268, or you can wait for a breakout candle above 203.237. Exit Plan: We're taking this position for the continuation of the HWC and restarting the MWC uptrend, so it's better to hold it longer—use partial profits to your advantage. The first resistance will be around 204.203, with daily resistance at 204.810. But definitely close 35% of the position at an R/R of 2, so that if you hit your stop loss, you at least break even. Goal: Aligning with the drop in JPYX in the 4H timeframe and riding along with the MWC uptrend wave of GBPJPY.
Long
by SkepticLab
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
JPY Declines on Q3 GDP Loss.Japan's GDP for Q3 2023 has absolutely crashed by -2.1%. After a very good Q1 & Q2 growth, the markets & economy caught onto what was really happening. They unloaded the magical money printer… They printed out a ton of new money to prop up their economy. This has been exposed by their consumer spending collapsing. With inflation high, consumers have less to spend which is affecting their GDP this quarter. So after the fake ‘demand’ presented in Q1 & Q2, the economy can no longer keep up the facade from money printing.
PEPPERSTONE:JPYXShort
by BA_Investments
JPY- The big short?JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP data, however GJ showed strong rally against the YEN ect, We know would like to see some entries to trade a potential imbalance to the downside as the great fall of JPY looks set to continue.
PEPPERSTONE:JPYXShort
by ZenFlo
JPYX Analysis. Another signal.Hello Everyone. After long time i want share my idea about JPYX which will be signal. After big and bearish movement we need somewhere correction bearish trend is strong but at the moment its weak and i see more buyers than sellers, i will try catch the bullish little movement and then i will make another analysis which will be short. after bearish movement we have price consolidation where se see liquidity both side, last time price make pretty strong up movement with high volume which gave me some interested area and ill try open from here my long. Open position - 769.2 Stop loss - 766.7 Take profit - 777.0 If my price prediction will be right at the index, i will long most JPY pairs. Good luck everyone!!! Manage your risk!!!
PEPPERSTONE:JPYXLong
by elmakacho
JPYX is still in a downtrend.We look at the graph we can see that: JPYX is still in a downtrend. In recent times we may see a recovery, but in the end it is still hopeless. Japan currently continues to implement the policy of reducing interest rates to stimulate economic demand. Japan has experienced many years of deflation and this is the time to continue to stimulate economic demand, to be able to integrate with the world. Looking at the technical analysis, we can see that JPYX broke the nearest bottom, then recovered for another short-term span and dumped again. It is very likely that they will have to return to the lower trendline of the down channel ( 73x ). JPY-related currency pairs. Priority BUY for currency pairs: XXX / JPY. Good luck everyone !!
PEPPERSTONE:JPYXShort
by Finn_Rm3x
JPYX Correction ENDING soon. **READ**JPY INDEX correction is coming to an end and how does this helps us make good money? JPYX goes DOWN, xxxJPY goes UP like fire! Direction is currently BEARISH (Reason - PA, BB, EMA CLOUD, ICHI,DIV anticipation) // ENTRY for xxxJPY // When JPYX reaches those zones, take a LONG on xxxJPY (CADJPY, CHFJPY, AUDJPY, NZDJPY preferably) and also there's a room for scaling here. // INVALIDATION // IF JPYX close ABOVE PWH then we need to hedge out and roll out the position (Learn this in the channel). TARGETS - We will exit our xxxJPY trades when JPYX hits 200EMA on H4 P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
PEPPERSTONE:JPYX
by Verified_S7F
JPYX INC BULL SWINGJapanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the horizon However the tides are still shifting for the YEN and the consensus of a great majority of economists in the region is that its not a matter of IF QE will stop, its just a matter of WHEN Assuming our critical fibo level holds as support for the WEEKLY uptrend, then we should see the DAILY/H4 trend turn from BEAR to BULL at these levels Our targets are painted by the Fibo Extension of the potential support levels
PEPPERSTONE:JPYXLong
by NakedTrading4U