Today we we will talk about GBPJPY and XXXJPY pairs in general, in which we see pretty interesting price action and clear wave structure.
As you can see most of XXX/JPY pairs are turning sharply down and the main reason is a recovery on 10Y US treasury notes. We decided to share GBPJPY chart that is turning sharply and impulsively down, clearly...
This most recent week, we saw GBP/JPY following the same bearish direction as the previous three weeks, with its strongest impulse happening during Wednesday's New York session. When looking at the weekly time frame, this pair has been in an uptrend. However, it is fast approaching a breakout of this upwards trendline, which has held prices up for the past couple...
Intraday - We look to Buy a break of 91.00 (stop at 90.10)
Previous support located at 90.00. Previous resistance located at 91.00. Price action looks to be forming a bottom. A move through 91.00 will confirm the bullish momentum.
Our profit targets will be 93.00 and 93.25
Resistance: 91.00 / 91.50 / 93.00
Support: 90.00 / 89.75 / 89.50
POW EDGE in use on this idea.
Working AUDJPY on the 30M time frame.
EDGE script is setup to follow trend setting and present buy and sell opportunities.
This is an update to the idea you can see below from May the 5th.
The trend continues downward on this pair and Yen weakness couldn't last forever.
From where I shared the idea had a trade been taken and...
This is an intraday trade. Price is skirting around the daily cloud support and I expect this to hold for a correction to 84.00
Will use a buy stop to reduce risk and let the trade get me in the trade.
Buy stop: 83.31
position size always critical to manage risk
POW EDGE script in use on this idea.
Yes I said how to still short the Yen!!
Working CADJPY on the 15M timeframe here.
Yen weakness continues but that doesn't mean you can't pick up the odd short trade still.
This strategy picks up the slight moves in CADJPY.
Check the report box below by selecting the tabs as the viewer of this idea.
We have still had...
The Japanese yen fell to a seven-year low of 125 against the US dollar on Monday as the Bank of Japan continued easing its monetary policy further widening the gap with the US Federal Reserve’s hawkish tone.
But instead of seeing it as a threat to the Japanese economy, the BOJ reiterated that a weaker yen would have positive effects on pushing Japan’s GDP...
We are looking at a potentially completed corrective structure with MACD divergence on 8hours. All YEN pairs are at extreme levels. Let's wait for the price to break the structure and look for sell entry.
The yen's devaluation movement loses strength in the face of the external scenario and deterioration of purchasing power. The price should slowly move towards the base of the previous accumulation to gain force and perhaps retest its top, stuck in this region for a longer period. I don't believe in anything much more than 116,500, but in a probable reversal...
If you know me then you also know Red is monthly fib, Weekly fib in blue and short term in Pink. You see gray fib, that's a big support, resistance whatever you want to say but that's the zone to look for.
Let's not fight the trend yet, it has gone fast to 131.85 and stalls there and everything tells me that it is way up to the trend line at 132-133. Now short...
The Japanese Yen strengthened against the US Dollar for a second week, with USD/JPY slicing below its 50-day Simple Moving Average (SMA) in the process. This comes after the pair rose to its highest level since January 2017 earlier this month.
The formation of a Bearish Engulfing Candlestick on the weekly chart sent a signal to Yen bulls last week. That, along...
EURJYP and the others mayor pairs against the JPY have broken the downtrend from 2008. EURJPY is forming a bullish flag and is highly probable that the price breaks out and continues its uptrend. I marked up the resistance levels to take partial profits. I'm planning to hold this trade for months since is a high timeframe but with big moves. If the price breaks...