The Japanese Yen Index descending wedge pattern initially broke to the downside, the opposite expected move statistically. A double bottom formed shortly after and reversed hard to the upside! Now we're at the 200EMA Resistance, what are the next moves? How do we trade this? 🤔 There are no good trades to take on the Daily chart. We're too close to resistance,...
JPY index bullish momentum targeting 761. Mean reversion at 757.5 indicates a Bullish trend Momentum.
Japan's GDP for Q3 2023 has absolutely crashed by -2.1%. After a very good Q1 & Q2 growth, the markets & economy caught onto what was really happening. They unloaded the magical money printer… They printed out a ton of new money to prop up their economy. This has been exposed by their consumer spending collapsing. With inflation high, consumers have less to...
We are on a pivot support in the monthly time, of course, this support is available. I am really waiting for the yen to strengthen against all other currencies
JPY Index - - - BY:Amanj Siwaily Analyzer & Owner SIWAILY TRADING
JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP...
JPYX has been in a descending wedge holding pattern since July of this year and has yet to successfully break out toward the upside. This analysis predicts a pullback from the bear trend up to the Daily 200EMA around 792.0 and if penetrated, to the 807.0 area. Key Points: 1. JPXY is in a descending wedge pattern which is a bullish signal 2. Several bull candles...
Looking at the chart of the JPY index, we can conclude that there has been a slowdown in the decline over the past three months. We see the potential formation of a falling wedge pattern, and we need a break above the upper line to confirm the continuation of the JPY index to the bullish side. The movement range of the JPY index is getting narrower, and we can...
JPYX is still in this downwards ranging market, we can see in the regression channel how we are are contracting in a sense on a higher frame. Now we seem to have created this triangle consolidation, with these gradual lower highs and this sturdy support forming underneath. We could look to trade a breakout of this pattern, this could be either up or down at this...
betting that the US dollar (USD) will strengthen relative to the Japanese yen (JPY)
its break a support and also we have a pullback so we can do this
JPY showed a quick bout of bull strength on Monday and Tuesday of last week only to fall back down to the bottom of the wedge. That Tuesday bull bar could be the first sign of a reversal. This week, we should be looking for another bounce off of the wedge to confirm a move to the upside. The first target is the 9EMA of the Monthly chart between 784.0 and 785.0,...
JPYX showed some day strength after a long time due to a small triangle breakout, it is still below the major trend line also opened above a 6M candle level. If it will try to test the above trend line, could be a second green day
all JPY pairs prepare for a big big correction after it fails to breakdown for too many attemps. expecting it to squeeze up quickly to top of range
Hello Everyone. After long time i want share my idea about JPYX which will be signal. After big and bearish movement we need somewhere correction bearish trend is strong but at the moment its weak and i see more buyers than sellers, i will try catch the bullish little movement and then i will make another analysis which will be short. after bearish movement we...