Be cautious of a deeper correction with CADJPY. Other yen pairs showing signs of deeper corrections. CADJPY - Long on Long term, potential for Shorts in Short term.
Still caught in correction? USDJPY possible sell in correction
Still Bullish on EURJPY Weekly Long setup. Classic break and retest.
Here we have the beginning of a correction wave from the recent rally of the Aussie-Yen (or, at the very least, consolidation). A pivot area can be seen at 85.47. The pattern on the left shows the potential the crab formation with the PRZ just above 85.62, while the chart on the right shows general movement around a rough directional trend line. Should this...
Back on that aussie yen. Bullish Gartley formed right on that rough directional trend line. The chart speaks for itself. Once again, price being rejected at all retracement levels. Too late to get in? Probably. Gartley ratios AB: 0.618 BC: 0.382-0.886 CD: 1.27-1.618 XD: 0.786
That long term down trend on the yen across majors/crosses has broken and price for a while was on the up. We have since saw price enter into a consolidation phase with unconvincing candles on the daily chart. on the 8th of February, price burst with a bullish impulse wave- the following correction waves made a solid and successful Gartley movement (which I...
USDJPY looks very interesting...
Could the demand overwhelm the supply? Let me know what you are thinking!
The Dollar is extremely well bid against the Yen as we head into Non-Farm Pay Rolls and may even break higher before the number. We are anticipating an eventual move to 117 - 117.50 over the coming weeks, however, the path higher is far from clear. Initial resistance is 114.95/115, already tested earlier the session. The figure could well go today, but further...
Looks like a double top pattern is forming on the UJ 4hr chart. Price could head back down to test 113.66 support level. Which would also be the neckline. If price breaks the neckline/support. Price could head to the 111.89 area of support. We shall wait to see how Friday NFP holds up.
Believe price action will bounce off the support area of the trendline. To head back into uptrend. Price will head to test the 114.47 area again. Could break due to NFP right around the corner in few days
USDJPY broke 4H structure and downtrend in the middle of the week and now we can see pullback to areas below and after PA confirmation we shall see a big movement up. Next confirmation to buy USDJPY will be after breaking previous highs. We can see a strong dollar this week, so after pullback i will be looking for opportunities to long dolar! Don't forget to...
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!
Price has broken a key support level. Maybe is risky to sell at this moment, because RSI is overselled. Better to wait for pullback to consolidate that break and then open a short position.
Hello guys, I used the Nikkei index as an indicator for my Yen pair trades, here we see a pretty beautiful bull flag . There is a lot of resistance at the 19600 level, and tons of support at the 19000 level. Being careful of false breakouts, with a confirmed breakout we will be looking for 20000 first.
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!