There's not much in the way of this move from what I can see. Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed. I'll be looking for sells around 115 with any LTF confirmation, but until then I'm...
GBP/JPY could rise towards a potential breakout level and make a bullish continuation towards our take-profit target. Entry: 189.985 Why we like it: There is a potential breakout level Stop Loss: 188.999 Why we like it: There is a swing-low support level Take Profit: 190.974 Why we like it: There is a pullback resistance that aligns close to the 78.6% Fibonacci...
CAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is...
USD/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 149.931 Why we like it: There is an overlap resistance that aligns with the 23.6% Fibonacci retracement level Stop Loss: 150.172 Why we like it: There is a pullback resistance that sits above the 38.2% Fibonacci retracement...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 162.649 which is a pullback support. Stop loss is at 162.200 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 163.720 which is a pullback resistance. High Risk...
CHFJPY have been on an uptrend for a long while, after breaking the resistance zone, price is expected to retest to the support zone and continue it's upward trend, also notice our 50EMA situated at that point ready for retest.
NZD/JPY is falling towards a potential breakout level and could drop lower from here. Sell entry is at 92.699 which is a potential breakout level. Stop loss is at 93.100 which is a level that sits above an overlap resistance. Take profit is at 92.369 which is a pullback support that lies above the 50.0% Fibonacci retracement level. High Risk Investment...
From around the beginning of January, EASYMARKETS:CHFJPY continues to move sideways, while trading roughly between 169.30 and 171.50 levels. While the pair remains inside that range, the rate could continue moving sideways. That said, given that the prevailing trend is to the upside, there is a greater chance the breakout could occur through the upper side of...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 150.354 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 150.128 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement...
We're back returning to the ATH, which is around the centreline of the rising channel we've been in since the pandemic. I'm definitely expecting a reversal soon, we may post another ATH by a whisker, or it may double top before a move back down to the lower boundary. Any strong JPY fundamentals will break the boundary and signal the reversal imo. Surely the ...
Now that the buying demand has increased to be beyond what it was "last year", we can now lookout for Black Friday Sale, and if the price offered by Sellers suit our targetted discount %, we can look to get hold of some NZDJPY to sell to the Big Boys for a premium sum who like to get their hands on some sweet sweet NZDJPY. How I would approach this is by either...
EUR/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 162.675 Why we like it: There is a pullback support level Stop Loss: 162.361 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Take Profit: 163.464 Why we like it: There is a pullback...
USD/JPY could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target. Entry: 150.439 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 150.128 Why we like it: There is a pullback support that sits under the 50.0% Fibonacci retracement level Take...
The 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish...
NZD/JPY is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 92.989 Why we like it: There is an overlap support level Stop Loss: 92.646 Why we like it: There is a pullback support level Take Profit: 93.358 Why we like it: There is a pullback resistance level Please be advised that the...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 98.178 which is a pullback support. Stop loss is at 97.850 which is a level that sits underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 98.615 which is a swing-high resistance. High Risk Investment...
A downtrend has formed on USD/CNH since it failed to retest the 2022 high in September. Since then, a lower high, aggressive selloff and a bearish continuation pattern (rising wedge) has formed on the daily chart. The rising wedge projects a downside target towards the cycle lows ~7.1. If the yuan continues to depreciated (lower USD/CNH), it could prompt other...