EUR/JPY could fall towards a potential breakout level and drop lower from here should we see the BoJ finally raises interest rates today (19th March). Sell entry is at 161.877 which is a potential breakout level. Stop loss is at 162.800 which is a level that sits above an overlap resistance. Take profit is at 160.380 which is a pullback support that aligns...
Today's focus: GBPJPY Pattern – Continuation/resistance test? Support – 188.20 Resistance – 191.15 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily. The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield...
Today's focus: USDJPY Pattern – Consolidation (Bullish?) Support – 149.84 Resistance – 150.81, 151.745 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY on the daily chart. Simple story today: will the current price consolidation break higher (with trend) or break lower, setting off distribution? We find it's important...
Today's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 159.764 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 159.281 which is a level that aligns with the 50.0% Fibonacci retracement level. Take profit is at 160.847 which is a swing-high...
Today's focus: USDJPY Pattern – Ascending Triangle Break (BoJ Intervention?) Support – 149.28 - 148.43 Resistance – 149.90 - 150.16 Hi, and thanks for checking out today's update. Today, we are looking at the USDJPY on the daily chart. Speculation continues as to whether we will see intervention from the BoJ as the USDJPY continues to trade above 150....
Today's focus: USDJPY Pattern – Ascending Triangle Pattern Support – 146.50 - 144.75 Resistance – 147.92 Thanks for checking out today's update. Today, we have run over USDJPY, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USDSJPY continues to be locked up in a bullish continuation...
GBP/JPY bulls remain in charge on central bank divergence, but the FOMC minutes could sway things one way or the other as explained in this video.
Today's focus USDJPY Daily Chart Pattern Support hold/trend continuation Possible targets – 134.95 – 137.35 Support -133.90 – 133.70 Resistance –134.70 – 134.95 Indicator support – Price above MA with upslope CCI above 0 line Will today's push higher turn into something more on the USDJPY? Buyers so far have set the tone with a 0.42% rally to today's high. Some...
In this update we review the recent price action in the USDJPY and identify the next high probability trading opportunities and price objectives to target
So the Yen Pairs continued their move down.. But what can you take away from it? Well as it happens, there is a lot! 1) Markets will always have enormous swings one way or another. That is just simply the nature of anything that has value. Sometimes it will be VERY high, or VERY low. 2) Make sure you are going to remain solvent on an extreme move. 3)Understand...
A brief skim over the markets before Fed week next week. Much of the same really ... Let's see if the dollar can hold on.
In this video, I go through the analysis done prior to the BoJ intervention that I warned of in a prior video with the euro, kiwi ideas all vulnerable as the US dollar gets whacked by the BoJ Ninjas!
Here I go through an article I wrote for FXStreet about the US dollar, yields, yen and technical analysis on those as well as the threat of Bank of Japan intervention.
Today was just bizarre, to say the least. Dead cat bounce or what? Well, lets see how things pan out but be prepared to get short of the dollar if the set ups turn up on Friday and next week.
Well, that was a bummer! USD/JPY has been smashed, probably by Bank of Japan intervention.
***Not financial advice*** The Bank of Japan has become the majority shareholder of Japanese Bonds, sparking re-evaluation of the integrity of the asset. A catastrophic collapse in the bond market could lead to a hyperinflationary event that sparks financial contagion worldwide. If you can navigate the entry, then this is an opportunity for a potential gravy...
Trump was impeached yesterday and lost! But the trial timing remains in doubt, keeping parties on their toes! Meanwhile, BoJ kept interest rates unchanged overnight and now we have to wait and see if BoE adds to the downside risks on #no-deal fears, or encourage bulls with a rather hawkish stance? I talk about all that in today’s market insights while analysing...