Yen has been in a rather bearish mode since the abandoned baby formation that formed a few months ago, I see a potential bullish correction in the week ahead. but leave some expectations for a break below t the current support zone back into the downward move.
Not financial advice. Carry trade unwind 98 first target October 2019
When analyze usdjpy, we can see breakout at H1. However, still to early to make conclusion .. For now, Im shorting for USDJPY
Head and Shoulders on daily timeframe Potential C of ABC on weekly timeframe
good luck -DYOR -YTD -YusufDeli
Holidays are among us and I am taking the time to prepare for what is ahead. Not really spending to much time on the intraday charts as I believe all currencies are still preparing for the big moves. I like to hold pairs for up to a week and it just doesn't make sense to enter trades now as holidays approach next week. On this chart you'll see that the Yen was...
I want to bring the light about a spectacular move that could unfold very soon, already started actually, involving a decoupling of gold and japanese yen. you must look at the japanese index chart (a forgotten one, people focusing too much on the dollar index). the configuration is so clear, we have a triple bullish divergence with a beautiful first two lows...
waiting for entry point, and shorts.. -DYOR -YTD Good Luck -YusufDeli
After a horrible week of news for the DXY expect the heavy bullish trend to end. JXY is showing strength and technical analysis already has USDJPY in a Bearish trend beginning. Look to place shorts on this pair as the trading week begins.
On UT 4 hours, JXY is under a falling wedge pattern (The Falling Wedge is a bullish pattern) The RSI has a today value around 27 and, in addition, the JXY is close to its support at 88.3 From the upper elements, we can remain aware about and wait for any bullish signal. If this signal appears, a short on OANDA:USDJPY or EURJPY could be very interesting From...
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GJ (GBP/JPY) formed Double tops and divergence in my macz-vwap and daily chart, DeMarker and CCI's is highly overbought showing for trend reversal. Momentum squeeze and Momentum stochastic is beginning for the bear candle-stick expected to bounce below mtf ema again. Look at day's range and wait for ema to be above you rsi line for a good entry and confimation....