SHORT Setup For Japanese Yen IndexKey Trading Plan: i) SHORT to its support level of 92.5 and even lower to 91.2 ii) LONG if the price breaks the resistance level of 94.4 to the Take Profit Target level at 95.4Shortby SIDCapital3
Japanese Yen Index Movement For This WeekKey Trading Plan: 1) LONG from the current price with the Take Profit Target at 94.2 2) SHORT if the price breaks the support level of 92.5 with the Take Profit Target of 91.5Longby SIDCapital4
JPY INDEXIt has created a flag and takes a strong line in front of the dividing line.by JalilMohammed5
Weekly Analysis JXYTrend: Down Phase: corrective Trade: SELL NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.Short02:40by Charts247TradingAcademy445
JXY (Yen Index) On the Yen Index we are seeing some play off the 50%. there are no Harmonic Patterns currently on the Index but off the Fibo. so for the monday trap move we can have a move up to the 50 and then reverse. The Commercials have increased their longs by 10,000 orders. Now, an interesting thing on the Non-Coms side of things is that the Shorts marginally increased thier side while the Longs probably took profit or recorded their loses. they decreased their position (13,096) which leaves room for downward momentum with ease. So again there is not much room for PA to touch the 50% retrace then I do see price moving down quite rapidly! on to the Net Data Commercials- Current = (13,302) // previous (28,488) Non-Coms- Current- 17,462 // previous- 32,579 from the net positions it looks like the sides are stepping closer to the Zero Line Shortby ARegularGuy4
JXYThis chart forms part of a larger research note and should not be considered financial advice. Please do your own research. Japanese Yen Currency Index | Monthly Chart sees break lower breaking the trend line support going back to May 2015. This chart signals weakness for the Japanese Yen.Shortby LD_Perspectives5
JPY Analysisjust waiting till the price break the 90.6 level and then he will go down to around 89.2 OR wait till he goes up and then breaks the 92.6 level if he breaks that level he will go up to around 94.2 Between 90.6 & 92.6 Do Not Take Any Decisions Cuz It May Go Horizontal be aware tomorrow there is the GDP growth rate so it will be great to open the chart at the release time and see what's going on by Mohamed-Nagy2
This week Buy seems more smarterI see some channel of Yen may go up as side-way patternLongby Oviler4
Japan YenJPY rebounded from the strong resistance zone. Will JPY make a come back as investor start reconsidering JPY back to Safe Haven status?by KKS4
Japanese Yen Currency Index (JXY)Longer term, I am monitoring JXY for a potential breakdown below the incline support going back to June 2015 which would represent a continuation of the long term downward trend going back to the price peak of February 2012. A break below this level would mean a continued weakening of the Japanese Yen versus selected currency pairs and potentially sets up the country’s equity index, the Nikkei225, for an appreciation as constituents benefit from a weakening local currency.Shortby LD_Perspectives115