SELL AND BUY GBPJPY. GBPJPY ENTERING IN A BEARISH ZONE WICH HAS A MASSIVE PRESSURE, TARGET IIS JUST THE TREND LINE IS FORMING. THEN BUY TO KEEP THE UPTREND.
OANDA:USDJPY has consolidated for a few days already and failed to retake the 112 level. With a series of lower highs, the supply resistance level is slowly going down to meet with the Weekly 200MA support. Its possible it might find support at the Daily 200MA level as it was able bounce off it from the previous downleg. In my opinion it might still test the...
EURJPY clearly bottomed after approaching weekly support. I think this pair will offer a good proxy for a volatility short, if that's your thing. Maybe we have a major bottom in this, a top in VIX, gold, and a strong rally off the pullback lows in $SPY. Best of luck, Ivan Labrie. P.S.: don't forget to thank Haruhiko Kuroda if this works...
OANDA:USDJPY looks like its bouncing back up after a severe downmove forming a nice channel. 4H Timeframe View: It was able to pullback and even retest the 20MA in the 4H timeframe so it will be great if it touches the 50MA(yellow line) and hold above it for a confirmation of the short term uptrend. Long: 111.342 Stop: 111 It might still pullback to test...
FX:USDJPY broke the 50DMA once again and looking bearish in my opinion. The breakdown and downtrend is also supported by the moving averages on the hourly timeframes. Don't have any big positions as I expected it to retest the 114 breakdown level but it didn't happen 4H Timeframe View: FX:USDJPY tried to break the 200MA but it failed and continued its...
FX_IDC:USDJPY looks like it got rejected by the daily 50MA courtesy of Janet Yellen. As long as the bearish momentum continues, its possible that we may retest the daily low once more completing the handle before NFP/FOMC. Entry: 114.241 SL: 114.5 TP: (tp1) 113.5 (tp2) 112.7 (tp3) 111.6 Any feedbacks are appreciated!
FX_IDC:GBPJPY looks like its consolidating for a breakdown but its holding up pretty well this year. No positions as of yet but if this pair is indeed going to breakdown in the near future then the best short entry points is right along the Daily 50MA/Triangle resistance if it reaches that level. Any feedbacks are appreciated!
FX_IDC:USDJPY completed the handle of the Inverse Cup and Handle pattern and its now testing the previous daily low. If FX_IDC:USDJPY breaks down then it should retest the daily support turned resistance as the 200MA Daily, 50/200 MA Weekly, 50/200MA Monthly Moving Averages should provide support for the price to bounce. If it bounces from here then it needs...
After it broke and consolidated above 113, FX_IDC:USDJPY is looking to be another good long. Let's see if it can challenge the previous high at 114.8. Entry: 113.251 SL: 113.2 (Changed to break-even 113.3) TP: (tp1)113.9 (tp2)114.45 (tp3)114.8 Any feedbacks are appreciated!
After looking at the daily timeframe for quite sometime, I just noticed the possible Inverted Cup and Handle. Let's see how this forms
FX_IDC:USDJPY has been trying to break the previous support turned resistance at 113. As long as it consolidates in these levels then we can expect a continuation of its descent to at least 112.5-112.3 but if it manages to retake and hold above 113 then we can talk about possible long reversal. Entry: 112.95 SL: 113.1 TP: 112.5-112.3 Any feedbacks are appreciated!
SHORT TRADE IN USDJPY. Sell in the recent retraction around 114.430. Target around 112.300, SL 114.565
Everything explained in here. If you have questions, PM me, or comment Happy trading
Waiting for USDJPY to either go down and bounce back up near 100 or break at 106.5 before going long especially with Kuroda leaving soon and the upcoming US election. www.ft.com www.bloomberg.com
The USDJPY pair is tracing a strong long term reversal in my opinion, and here we have an opportunity to join the trend with minimal risk. You can go long at market, using the long term stops on chart, close to 101.2, or, take a buy stop order at 104.703 (good for the day), speculating that Kuroda's speech will take care of triggering this daily uptrend, with stop...
After breaking out of the Weekly bear channel, we saw a pop up of 300 pips (c.100.8-104.0), and noticed a Bull Continuation Flag building up over the days. Deep Take Profit Point lies at 107.8, with the pole being the same length as seen in the charts. I am looking to Long USDJPY 0.17% till at least 75% of the pole's length, which TP lying slightly above 106.5....
USDJPY: 1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base. 2. The BOJ...
USDJPY: 1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base. 2. The BOJ...