EurJpy has Been on a strong bull run over the previous weeks Breaking out of a price channel and has now come back for a retest with huge confluence building giving a high probability trade entry. However, as this is Easter weekend we can expect little movement until next week midweek. Confirmations for Long Trade: Hidden divergence suggesting...
Much of my argument is embedded within this picture. The content there speaks for itself. Overall, I withhold a net short position on USDJPY given the technicals for the four hour chart and I think a pull back below this resistance range is in the cards given the technicals.
The conversation on the Japanese yen is as much about the US economy as much as it is about the Japanese economy. This is mainly due to the fact that the Japanese yen acts as a safe haven asset during times of downward volatility, even if that volatility stems from Japan such as the natural and nuclear disasters that rocked the archipelago nation in 2011....
As a risk off safe haven asset, the Japanese yen tends to strengthen during times of volatility. A number of signals suggest this could be a turbulent week for markets. If that is the case, USDJPY short.
The US dollar has rallied significantly during the trading day on Thursday this week, reaching towards the ¥111.50 price level. Resistance range from this level goes all the way to the ¥112 meaning it will be very interesting to see whether or not the market can break out above that 50 pip range. If in fact it does, that could send this market significantly, at...
USDJPY has a number of trends going against it to force price action downwards. Technicals and fundamentals are not on the dollar's side against the yen. Traders can see a number of oscillators and MAs suggesting USDJPY is overbought and due for a reversal. Moreover and probably more impactful are the fundamentals of the global economy which suggest major growth...
Trend trading would indicate via EMAs that we should see some lower levels. Moreover, short-term resistance and short-term support are form a symmetrical triangle and given the steep degree of the angles of the wedge, it seems as though some dramatic fundamentals would be required to force this pattern into either an upside or downside follow through of the wedge....
We've seen a huge risk-off shift in sentiment over the past few trading days stemming back from last Friday that saw many safe haven assets like the Japanese yen strengthen. There's many reasons why this is including ongoing concerns of a global growth slowdown, signals of recession such as the yield curve inversion, and thematic concerns lurking in the background...
There are a number of fundamental components that caused USDJPY to collapse on late Friday trading at the end of the North American session. Traders became spooked by the yield curve inversion which tends to be a sign of an impending recession. Traders were also not very happy with dovish Fed speak earlier in the week, chaos around Brexit, and no respite from the...
The Dollar could breathe and retrace after a few days of falling. Nikkei index is set for a Bull run as specified in the previous post. See the link below for NIKKEI225 setup I see this market wanting to use that, to COMPLETE THE SETUP. USDJPY aught to use that momentum to make a move from the 0.25 quarter to the 0.5 quarter , namely 112.5 to 115...
This pair has been in this descending channel for three years, with one major fall out in 2016, re-entering the highs of the channel Dec 2017, and we're now approaching the higher edge of the channel with either a move lower inside the developing Head and Shoulders pattern, after a move up to 110.5 - 111 or we break out of the channel, for a much bigger move to...
USD/JPY has been the most confusing dollar cross as other have rapidly depreciated against the dollar whilst the Yen has done the inverse and actually Appreciated! All thing being equal, the global equities sell off and corrections could spell pure investor fear causing large funds sucking up lots of Yen in Anticipiation of a Market Drop. The 106.50 Key weekly...
HI Guys From what I see I jumped into this pair , normally I would go for a lot higher Risk to Reward in this case risk 32 to gain 74 pips or so. Overall this is what I see my analysis I'm pretty happy with, my overall emotion to this trade I'm pretty happy with as well. Overall 8/10 trade. Kris www.mymentortv.com
I don't like picking bottoms, however, buyers have stepped up ahead of the 1.08 level. This is a 2-day chart. There are two scenarios I see playing out. 1. This is a large retracement from 100-118 range and we are headed back toward the 118 level. 2. A series of lower lows, lower highs has started and we are heading back toward 100.00 The Key Level I believe...
Above is what I am currently watching on this pair. The outcome will largely depend on what the NFP report is relative to expectations. I would not trade until after the report at 7:30 a.m. CST. Have a good night:)
This is a very simply setup, we can see that previous resistance has turned into new support, with a Bullish Inside Bar forming on 4H. Potentially we should see buyers take profit at the last high formed which would give a clear 1:1 and Others maybe aiming for "106.00" as their final take profit
It's a little bit late for entry, but incase price return back, try to enter. Fibonacci cycle for previous one already fulfil its requirement. Awesome Oscillator divergence already signal of reversal. Optimum Take Profit is 2. IF ! break TP 2, it will go TP 3, which I'm confidence it will. Best of luck. Happy greenpips. fueledbydoodle