I see the opportunity to sell JXY since it is in the downtrend so thats meaning that you can trade any currency pair and expect JXY or Japanese Yen Currency Index (TVC:JXY) to be WEAK so the price that it will go to 88.5 area trade any JPY pairs and have fun If you like my analysis please help to like and follow Thanks
This is quite easy, the next phase is discerning whatever participants are doing.
USD/JPY has setup for a short this week DXY has rejected key weekly resistance 95.00 with a bearish weekly candle, i think DXY pulls back from here before going long. JXY is also in a long term bullish channel which is near support. ENTRY: 109.500 SL : 110.280 TP : 107.867 I will update as we go....
EUR/JPY 0.11% i am starting to enter short positions after yesterdays engulfing daily closure of last 8 days action. See from image that the trend lines are indicating bearish momentum. After ECB Dovish meeting yesterday we are looking at heading towards the 124.00 mark. JXY -0.25% is also due a bounce higher off its daily bullish channel . I will update...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that...
Japanese yen (JXY) broke from a big bearish channel and started heading to the skies. Now it pulled back to 200 EMA and horizontal support level (that was once a resistance). I expect a bounce off that level. It might test it a few more times penetrating it but the eventual route is up. The worst scenerio: it can drop down to the triangle trendline (in which it...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that...
USDJPY Short Price have reaches level of resistance. RSI overbought on Daily TF. Double top on 4h TF with divergence. DXY, JXY have been trending in my opinion trend continuation could continue. GOOD LUCK
JXY sell idea @ supply zone 96.6 - 100.5
expecting a move on usdjpy tp 120 1000 pips for more updated ideas follow me in Instagram @basselhadak follow me in twitter @basselhadak
wait an other red candlle trendline brekout structure breakout retest support breakout
cadjpy short trendline breakout structure breakout retest 61% fib tp 100pips