The JPYX has reached a significant support level on the daily chart. I foresee a potential retracement, considering its entry into past daily lows and the current price swing being excessively extended. A JXY retracement towards the 61.8 Fibonacci level may present trading opportunities. It is important to note that the information presented here is intended...
USD JPY in a bearish range as it was from Thursday we created our swing low and confirmed our swim pines we're now waiting for every sweep of the swing high for continuations down or a break out of this range lower which we can then continue to follow into this new bearish range.
Remember to always read order flow and follow what price is showing you instead of...
There is a Confluence of a Bullish Butterfly and a smaller Bullish Bat visible on the 5-day and Weekly timeframes on the JXY as the RSI ticks out of the oversold zone for the 4th time at this level while making higher lows each time. It would seem as if the JXY is confirming to us that it has reached a Harmonic Bottom and is preparing to rise up to some of the...
My first analysis about the JXY. It will be done periodically from now on to keep a fresh perspective over one of the most important currencies in the world.
The Japanese Currency Index (JXY) is a stock market index that measures the performance of the Japanese yen against a basket of six other major currencies: the US dollar, the euro, the British pound, the...
EURJPY is heading towards major resistance zone, where in past sellers already had shown good sell pressure .
If the sellers took charge from resistance area then the optimum target could be 158.
What you guys think about it ?
Japanese Yen gains 200 Pips against Dollar USD after July 2023 FOMC meeting, however market see turning point at support 137.923. Indicating USD bull run is begin against JPY.
AUDJPY is trading is bullish parallel channel and currently trading at top of the channel which also acting as the resistance to pair. Will the bear take benefit from these confluences and push price to lower side?
GBPJPY was in nice bullish momentum but now currently facing a sell pressure from bearish divergence. Will bearish divergence play its role and put the pair into 172.50 region ?
EURJPY is in strong bullish trend and seems like it is going to form AB=CD pattern.
As BC leg retraced to 50% fib level and reacted well also because of strong area of value.
Will it complete CD leg ?
CADJPY was in bullish trend and then form bearish divergence, and now it seems like bullish behavior is vanishing.
Recently it also broke through long term inclining trendline. After successful retest of broken trendline and broken structure will confirm a new bearish trend.
USDJPY is trading in strong bullish momentum in bullish parallel channel.
Currently it is trading at the lower rising trendline of the channel which also the support from 50EMA and 50% Fib retracement.
All these signals making bullish bias for USDJPY.
