USD/JPY has posted considerable gains on Tuesday, as the pair trades at 110.60 in the North American session. On the release front, Japanese SPPI remained at 0.8%, edging above the agreement of 0.7%. Over in the US, we’ll get a look at two key events. CB Consumer Confidence is expected to improve to 123.7, while New Home Sales is forecast to edge lower to 590...
Earlier I saw the CADJPY run into a trendline, previous structure and completed a cypher pattern. We entered at 82 and closed at 81.3. We will be looking for more short opportunities at the break of support and retest.
data indicated that Japan’s final leading economic index fell less than initially estimated in February, while the coincident index was revised higher in the same month. During the session
USD/JPY remains on the upside for the moment. The break of 110.10 resistance indicates short term bottoming at 108.12, on bullish convergence condition in 4 hour MACD. Further...
This is an update to my previous $USDJPY publications. We are long, after averaging in for 4 days, starting the day of the exact low, with a cost basis of 108.66, holding a 33% account long position.
I think we can resume the rally, and get an uptrend of proportions similar to the one that took place after the presidential election in the US.
I'll be looking to...
In history there is a strong move down, but this retracement is not strong enough at the moment. Looking for 2 possible setups:
1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend.
2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and...
Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and...
Hey guys,
i do not usually use trendlines in my analysis but sometimes they are useful in order to catch the early stage of a reversal, along with usual structure. The black line represents a strong daily structure that rejected price action as soon as it touched it. Therefore i'm assuming this could be a key point for a big reversal.
Now, in this cases i wait for...
Not the smoothest cup & handle pattern! But it appears that there is a potential handle forming on the 1 hr USD/JPY. Price target 108.80 intraday (next couple of hrs).
This is not a pattern I use much and I am not sure how well it is going to play out here, but its worth watching.
113.96x is a level to heed. Look for a confirmation of reversal either in RSI, Stoch, MACD or ADX and after the red trend breaks you can buy until 199.62x . If you have any insghts or input I mght have missed please put it in a chart & post it in a comment, PLEASE !
Trade carefully
Price has broken bearish 4H trend and now is testing this support structure. Definitely, if price stops in this support area, we probably will have some pontential bullish movement till top of the Daily trend. Then we must wait for a develop of price to make any decision.
The JPY pairs have been great for us in April (and there goes the Jinx) and after allowing for some relief I'm now looking for areas to hop back on the short side.
The EURJPY is currently approaching a Killzone & has recently gone from an over sold to over bought swing.
I'll be paying close attention to price action & looking for a potential move down to the...
USDJPY - In the begining of April we expecting to drop till 109.00 area and after that after confirmation of uptrend to take off in next 2-3 months to 120.00 area. Trading idea is 70% technical and 30% fundamental. Risk-reward 1:5. There are big probabilites currency pair to get in range for a while in the end of April. Happy trading :)
