hello tradingview community, lets get straight into technical... currently the JXY is completing the falling wedge, it could break the falling wedge or may pull back and stay in the falling wedge since it is still in the bearish momentum area according to RSI and Macd for 8hr tf.. Price has made a strong support around 73.03 where the could or may not test...
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Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in...
JXY, Yen has technically taken out the support and price slides further downside. All the crosses looks like to make all time high specially USDJPY
BoJ would adhere to its ultra-loose policy until the Bank achieved its inflation target of 2%.
With Kuroda doubling down on the Bank’s accommodative policy, the risk for the yen is clearly tilted to...
Yen hitting ATL recently is interesting, now its retracing, but to what level before a continuation of this downtrend? Looking back at prehistoric res/sup levels we can clearly see that the area around 80.00 is significant. 80.00 is also a nice psychlogical level. We could expect a monthly closure around 80.00.
Keep in mind, you win some, you lose some. And u...
Japanese Finance Minister Shunichi Suzuki said on Tuesday the damage to the economy from a weakening yen at present is greater than the benefits accruing to it, making the most explicit warning yet against the currency's recent slump versus the dollar.
His remarks came before his trip to Washington to attend a gathering of financial leaders from the Group of 20...
After the Open, the price gaped lower trapping net long positions at 81.68. Price is delivered lower and broke a swing low at 81.33. This market structure break illustrates the willingness of the market to go lower potentially reaching a target of 80.70.
With entries in the PM Session during the London Close, I expect institutional Selling of JXY at 81.50 as...
Yen has failed remarkably at 87.34 - 89.17 Buy-zone where Buyers previously shored Support.
87.34 - 82.37 is a Major Buy-zone layered with numerous Buy-levels which, so far, all have failed to attract Buyers.
So what are the chances USDJPY will experience the unprecedented and anticipated Selloff?
First the Yen has to find Buyers. Technically, The...
The YEN weakness is the main driver of its pairs, especially USDJPY. As many of us have been expecting a decline in price, we just might be very close to shorting JPY pairs. JPY pairs are mostly overbought across board so keep an eye on the YEN reversal for a short opportunity of YEN pairs. Good luck and stay liquid. x
We see price is headed down to 80.8-81.57 meaning that the down trend will further continue meaning all currency pairs against jpy should perform decently well.
the take away is that once price reach 80.8 or a bit below we will see a reversal to the uptrend
First of all, looking at the chart, we see that we have been in the bearish trend since January last year.
Second, the JPY index failed to form a new higher high compared to the August 2016 high.
By setting the Fibonacci level, we see that the index stopped at 38.2% Fibonacci level.
This is a sign of continuing the bearish trend
JPY breaks below 84,200, our...
Successful Forex trading is fusion of fundamental analysis and technical analysis and a decision based on both.
Fundamental analysis is very important part of forex trading. Fundamentals are factors of any economy which have the power to derive the currency and set a new direction.
A keen forex trader keep eye on these economic factors, analyze the effects and...