Price has been consolidation for 10 weeks. It has to break up eventually. Just wait patiently. Next important resistance after break is at 116 level. There is some room to go higher. We may have a rejection at the 110 level, I will use it to add to my long position. It may take a couple weeks more but the risk reward is worth the waiting.
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** CHFJPY Analysis - Listen to video!
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The pair had a good run, I still think It can go higher but now needs a correction. There is double top at the long term resistance, it broke the neck and failed the test. The most likely scenario is to the downside to the next support.
As avid participants in the forex market, we must remain vigilant and proactive in monitoring this situation, as it may have significant implications for our trading strategies and overall market stability.
The USDJPY exchange rate has experienced a persistent upward trend in recent weeks, primarily driven by the yen's continuous depreciation. This trend can...
Seems like bearish market can control USDJPY again.
There is no intervention by BOJ yet, but, selling yen in this levels is so dangerous.
Trade safe.
Good luck.
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** CHFJPY Analysis - Listen to video!
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FX_IDC:USDCNY Price is at a tough spot and I should wait to make a guess. Price could break out of the triangle and retest the resistance zone(I didn't mark it but it will be the last high)before it shoots up -OR it will come back down to the daily support and continue in the range. All I can say for now is that I'm watching to see if a "death cross" will form...
While I am not a die-hard fan of FXCM's Yen Basket (much prefer NAFTA + Japan vs. "the World"), this index/basket is clearly working on an turn here. It is still relatively week but has likely put the worst behind it. Now, it is all about acceleration which, judging from past behavior, ought to gain significant momentum.
Again, I'd suggest to use this "basket" as...
As the Federal Reserve tightens its monetary policy and inflation rates continue to drop, the Japan Yen has steadily strengthened. This trend presents a unique chance to diversify your trading positions and capitalize on Yen's increasing value. By incorporating the Yen into your portfolio, you can potentially shield yourself from market volatility and enhance your...
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** CADJPY Analysis - Listen to video!
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The recent Nikkei rally is bringing it ever closer to that "magical" 30,000 level which it hasn't touched since the late '80s collapse.
IFF a breakout occurs, expect a collapse in all XYZ/JPY pairs - since, true to form, every equity/hedge fund in the world is expected to pile in.
Internal Chinese (export/import) numbers are showing a fair pick up in exports -...
To properly represent (and trade!) the Yen related pairs, it is strongly recommended to create a Yen-based currency basket. (I did attempt to import data into TV from such a basket - weighted by the acceleration differential between the USD, EUR, GBP, AUD, CAD, CHF and a basket of Central European currencies versus the Yen but for some reason I couldn't make...
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** CHFJPY Analysis - Listen to video!
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** GBPJPY Analysis - Listen to video!
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The JPY is undervalued...
Unlike other global economies, Japan is not facing an inflation crisis or below 50 PMI figures. The Yen has also been victim to some large bearish moves over the last few years, which are due a retrace move. In my opinion, it is starting to look like a good buy from both a fundamental and technical point of view.
As a safe haven...
hello traders i have posted a weekly forcast on GJ BUT when the week opens we get more information this is what we see now here we have almost ascending triangle still left more confirmation to execute a
trade . but probably til tomorrow we might see volatility on this pair .make sure you are on session that's where the volume will be make sure to comment and...
After an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher.
A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal...
