CADJPY formed a rejection candlestick at horizontal resistance level and channel resistance level. This is a signal to enter a short position.
This is a long term trade as it's on the daily timeframe, and price broke the support zone and price has the higher chance of getting to the resistance zone and sell to 158.670 zone.
As USDJPY approaches the 134.500 resistance level, we expect price to react with a bearish reversal to the 131.000 support level, where we will Take Profit. This level coincides perfectly with the 88.6% Fibonacci retracement level, and falls in line with the overall declining trend of USDJPY since October. On a broader view, the Dollar has historically been soft...
GBPJPY is nicely recovering after a strong bearish wave. On focus is 163.1 - 164.3 area. It is a broken demand zone that turned into supply zone now. I believe that the market will drop from that. Patiently wait for its test and wait for a confirmation on lower time frames to short then. ❤️If you have any questions, please, ask me in the comment...
GBPJPY is currently in a nice bullish market structure. I personally am expecting this bullish structure to break as GBPJPY is very bearish fundamentally due to the sudden change in monetary policy in the yen and the weakening economic standpoint of the pound. GJ on the higher timeframe is in a minor retest to head down lower. We are currently seeing some form of...
GBPJPY First Entry is 159.229. Engulfing Pin Bar Candlestick formed at channel support.
CHFJPY Currency Market formed a pennant pattern. Enter short position at channel resistance level.
NZDJPY Currency Market formed a parallel channel. Enter short position at channel resistance level.
On the H8 timeframe, USDJPY came to test the 134.500 support level twice before a surprise move by the Bank of Japan sent prices sharply down. On 20 December, the BOJ announced that it would loosen its 10 year bond yield cap from 0.25% to 0.5%. This caught investors completely off guard, and the yield rate subsequently jumped to 0.499%, its highest level since...
AUDJPY - Intraday - We look to Sell at 90.00 (stop at 91.25) Previous support located at 88.00. Previous resistance located at 89.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 90.00, resulting in improved risk/reward. A move through 88.00 will confirm the bearish momentum. Our profit targets will be...
Hey traders, NZDJPY broke and closed below a major wide demand cluster on a daily. The broken structure 83.8 - 85.0 turned into resistance now. It looks like the pair is quite oversold at the moment. The market will most likely retrace to the underlined area and a bearish wave will initiate then. Goal will be a rising trend line, matching the last higher...
Buy GBPJPY Entry: 159.8 Stop Loss: 159.00 Take profit: 163.00 good time to long now
EURJPY - Intraday - We look to Sell at 141.65 (stop at 142.50) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. Our short term bias remains negative. We look to sell rallies. Our profit targets will be 139.20 and 138.45 Resistance: ...
So the Yen Pairs continued their move down.. But what can you take away from it? Well as it happens, there is a lot! 1) Markets will always have enormous swings one way or another. That is just simply the nature of anything that has value. Sometimes it will be VERY high, or VERY low. 2) Make sure you are going to remain solvent on an extreme move. 3)Understand...
Looking for the AUDJPY to tumble and fall as market flows into the yen continue. The only problem I have fundamentally with this pair being short potentially is the fact that it usually equates to the Indices being a short too. We just have to trade what we see.
NZDJPY broke and closed below a major demand cluster: 83.8 - 85.0 area turned into resistance now. I believe that the pair will keep falling. Next goal for sellers - major rising trend line. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
CADJPY formed a cute doji candle on 4H. Analyzing hourly time frame, I spotted a cute double top. Taking into consideration that the market is trading in a sharp short-term bearish trend, bears may keep pushing the pair. Goals: 96.26 / 95.9 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
dollar yen is getting absolutely demolished. boj is structuring the slaughter of yen, and its having tremendous consequences. look for this to continue.