Trade ideas
JPY could move UP!Hey tradomaniacs,
with the retest of the previous breakout we could see another impulse upwards as UR YIELDS are currently falling, which is basically good for JPY.
Interesting to watch would be AUD/JPY, NZD/JPY, EUR/JPY aswell as GBP/JPY since all these curencies against the major USD were very weak today as expected.
JPY-Strenght could cause JPY-PAIRS to "catch up" with the moves of the day.
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JPY could fall very SOON !# GoodChancesHey tradomaniacs,
Its the same old story 👉 The market awaits more inflation-data from the USA aswell as the European Central Banks meeting to get any hints for possible tighter monetary policy plans.
On thursday we get a bunch of important data, such as the U.S. initial jobless claims, U.S. CORE CPI and the ECB Interest Rate Decision which is probably a reason for the market to stay in its current ranges and continue the week with some choppiness.
I`m personally focusing on JPY-Trades today as I see a great chance coming here soon 👉
Looking at the JPY-BASKET we could get a trendcontinuation here very soon and so great chances to sell JPY against other pairs, auch as AUD/JPY, EUR/JPY aswell as GB P/JPY, where I see good opportunities coming soon.
Let`s see! =)
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Peace and good trades
Irasor
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Looking For Bearish Crosses on JPYBASKETJPYBASKET is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop above hourly high in conjunction with risk management techniques.
JPYBASKET in for a pullbackHI Everyone,
Over the last few days we have been watching the JPYBASKET get squeezed in a falling wedge which is a possible reversal pattern, we have now broken out of this wedge to the upside and we now seem to be forming an inverse head and shoulders pattern.
The right shoulder lines up perfecting with the .786 fib and a break - retest of the wedge,
I am anticipating a pull back to around 9200
JPYBASKET SellBreak lows corrective test confirmation to anticipated direction take your bag of pips Home
EDUCATION - SPECIAL INDICATORS Hello traders,
Today i am highlighting how to effectively use JPYBASKET and DXY when using technical analysis.
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JPY INDEXJPY index is never succeeded brek above bullish area zone
and close in Fri in the middle PIVOT POINT
JPYBASKET Daily Double Bottom DivergenceYen Index Showing signs of possible strength with Double Bottom on support along the RSI Divergence.
With this we can see all the JPY related pairs get impacted.
Wait and watch the day scenario....
JPY could continue to FALLhey tradomaniacs,
JPY is currently testing a very strong resistance-zone and could continue to fall 👉
If that`s the case and we see rising yields, we can consider to BUY EUR/JPY as US-DOLLAR is under pressure!
JPY Index Pre-Election Analysis JPY Index ended the week consolidating at the previous HH (10229).If this market can't break and close above this current level I'll be looking a minor pullback towards the 50% fibonacci for buys which has confluence with a previous level of daily minor resistance. A break and close below the previous HL (9999) will invalidate buy setups.
JPYDepending how the current 8HR and Daily finish
If it breaks the trend line and the top Horizontal Ray I will be Bullish.
If it respects the trend line and goes to break the lower Horizontal Ray I will be Bearish.
JPY Index Analysis This market is still in the pullback phase. Waiting to see what this market does at the 50% fib level
