Hello Traders, Hope you are having a profitable week. Earlier this week we anticipated a short for most yen pairs preceding the news that is expected to be released by the Bank of Japan this Friday during the Asian session. We are anticipating a further drop in most Yen pairs this week of about 1000 pips or more. We had our entries from a great level and...
The Japanese yen's weakness is obvious across all its pairs, including against the Canadian dollar. The CADJPY has displayed a strong bullish uptrend after its breakout above the 92 price level, on a monthly time frame, and is now facing a historical resistance in which to overcome. Looking at the CADJPY on the chart below, we can see that the price is currently...
USDJPY Intraday - We look to Buy at 126.05 (stop at 125.50) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bespoke support is located at 126.00. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore,...
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...
AUDJPY 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 Please...
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
Hello traders! 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...
I see several possibilities for this pair now, however I believe to short it is a righ decision. Be carefully. A dangerous trade. Pay attention that below 114 is a high risk zone, a special attention is needed.
I have opened a short position in a pair and have prepared for a good trade. Just a trouble to have a patience till the target is reached. A dangerous trade, not for everyone. Be careful .
Let's try to short a pair with a 112.3 target.
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...
Start of the M formation (Wednesday evening short-term long liquidation)
My previous post uploaded in portrait and cut out the whole post. Re posting the full chart. See the previous post description for my view.
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...
Yen Index (japan Index Ready to fall on supply drop base drop when market approach on supply wait for h4 confirmation then sell