YEN is also in deep waters for the current state for Covid 19 in Japan, but it USD that is lifting the Yen as investors bet against the USD. The dollar posted its first leg up against the yen in dramatic fashion, with a key reversal from JPY104 on July 31. Follow-through buying lifted it to nearly JPY106.50 at the start of last week. There were a few days on...
Just as any Yen pair, GBPJPY has too many levels to account for, yet I've been able to dig through them for you and here is the analysis.
The charts above are there to show you the big picture.
So the pair has broken two important diagonal...
the daily chart of this market shows that it will experience a downward trend in the next few days but at the same time you must be vigilant of the change of this market towards the opposite direction
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What's key about this area - The trend-line down.
Many fundamental aspects: Noting down the 5/10yr T notes as well as inflationary aspects.
If you're interested in fundamentals keep an eye on: key areas in these pairs - EUR, USD, RUSS, SPX, 5/10 Yr T Notes & Precious metals.
The best thing i've learnt to do this year - Diversify your portfolio, allocation...
AUDJPY is currently trading in a sharp bullish trend.
76.5 key daily structure resistance was reached in June and for now, the pair is stuck on that level.
however, with higher lows and relatively weak bearish reaction from that level after a second test,
it looks like the pair is preparing for even more extension.
AUDJPY is forming an upward trend, therefore you want to buy. In almost the past 24 hours since AUD Cash Rate news occured, there was some form of consolidation not hitting my entry for a buy stop of 75.89. It has finally hit my buy stop entry.
TP: 76.00 OR ABOVE
New daily lower low lower close on NZDJPY.
the price is now trading below a key horizontal daily structure.
on 4H the price has violated a bearish flag pattern with a strong bearish candle confirming a bearish sentiment.
now the price will keep falling.
entry from current prices is quite risky...