Japenese index Nikkei225 - Price under major daily and weekly resistance. Good short trade with great risk to reward. This correlates with jpy currency strength.
We've seen the price reject in the Daily level. Nevertheless we had the obligation to take a long before the close last week. Price has formed a perfect breakout and we are trading it.
I think we can be more or less sure that the trend has now turned up on this pair. I'm holding longs, although I had closed earlier, I reentered when turning up for the day today, after we made a new daily low. That was a good cue for a potential short term bottom. I like the VIX key levels on this pair, I have talked about this in the past. For more information,...
Fundamentals: Strong EUR because of French election and weak yen Technicals: Just broke 122.05 which is a strong level, looking fo a retest with a rejection there, creating a trendline, followed by strong bullish momentum.
CHFJPY is still in an upwards wave. Currenctly it shows a small correction/retracement from the gap up after the french election, dont be fooled by this bear trap. Indicators show theres anough bullish strenght left. I am not suprised if it will go up till atleast 114 the next 2 weeks.
AUDJPY has been in a downtrend for sometime now. We rejected the .618 fib level of the last leg and broke back thru support/resistance of 83.7. We're now looking for a retest of this level of the 1/4 hour and going to sell into potential new lows. Read my article about making 50% returns below. anyhows.com
On the daily time frame NzdJpy has broken out of the upper range. This provides us a nice buying opportunity. When looking at the Stoch Rsi indicator it shows that there is a lot of buying pressure and the Adx indicator shows that there's a strong bullish trend. Take Profit: 79.16 the 1st resistance area. Might hold for futher. Stop loss: 76.70
Hi everyone, i believe NZDJPY is setting up to shoot up. The pair has been going down for a while now without a reasonable correction. Wait for a H4 candle to close above the box, which is also the 0.5 daily-fibo. You can also wait for a breakout of the descending trendline. Ideal situation would be a clear breakout and a small H1 flag. You can then buy...
WAITING FOR THIS SCENARIO THAT EXPIRES MAY 3TH, SHORT AND MASSIVE BEARISH PRESSURE. TODAY WE SAW A BIG PRESSURE TRYING TO GO DOWN, BUT NOT ENOUGH TO TAKE ADVANTAGE. DO NOT TRADE TILL SEE THESE 2 SCENARIOS. IN THE LONG TERM ANYWAY USDJPY BULLISH, THE KID IS TRYING TO COMEBACK ABOVE 114.000 GOOD LUCK!!
Here we have a bearish 5-0 on the dollar-yen. Price is in a downward channel which has also provided a reciprocal AB=CD within the same pattern; the AB and CD waves are completely symmetrical. Price has already touched the 50% retracement and has began to stall- I have taken a short position and will hold until 108.3. My original stop loss was at 112.7, but...
From a elliott wave perspective GbpJpy is moving textbook like. I love the current setup, its so clean. I am seeing big resistance now around 145, and in my view the first miniscule wave of the primary wave 3 is nearly completed. So watch out for top like behaviour around 145. Don't be a johnny come late to the party and buy now, its risky that you might get...
Bulls still in control of this pair after the breakout. My take profit area will be : a) TP1 84.05 b) TP2 85.20 c) TP3 85.68 Failing to break-thru 84.05 will give a sign for reversal and closing the gap.
The Bank of Japan is expected to hold the course and maintain interest rates at -0.10%. The negative rates are part of the BoJ’s ultra-loose monetary policy, which is expected to continue until inflation levels move closer to the central bank’s target of around 2 percent. Japan’s economy has improved in recent months, as a weak yen and stronger global demand have...
Just for your information, i am still holding my buy at the latest breakout in Trend line. This short is for short-term only with a good risk and reward. Trade at your own risk.
EURJPY looks to have some room to the downside. To buy the pair we would need to clear the red resistance block + Gann level and break 123.00, Should at least see a sell to around the 150 MA
Hey guys, Ive been tracking yen futures and posting updates for forex fb group. This is good to look at for JPY pairs. Looking for more downside on YEN, so upside for xxx/JPY pairs
The USDJPY has been in a downtrend on the daily chart and held the 112 area 3 times. We have now retested that level and at the .886 fib level of the last leg. Also, we closed as a daily pin bar as well. I am short now expecting prices to reach new lows, but will keep my profit target open. If you're interested in signals email me at adrielarrasmith@gmail.com....
Price has reached a good resistance level. Engulfing candle has appeared rejecting 50% fibonacci retracement. Now we can expect bearish movements till the next minimum level.