CHF too expensive in EUR terms I expect a rate cut by the SNB.... if not...they will intervene directly.
The best Idea to play BOJ and FOMC from a risk-averse perspective is to own both in a Long Straddle Strategy Dynamic Straddle: Long USDJPY & Short GBPJPY - TP from volatility & Event likely hoods TP levels = cannot be greedy else you may miss one trades exit point so <25 pips when it goes in your direction for each - total TP = 50pips as 2*25pips Reasoning...
Fundies... Gap fills + BoJ + Fed Gaps 102 - 103 107 - 108 Fed Fold on Wednesday BoJ Thursday Brexit "Stay" On June 23rd Also...that wedge ;D
Despite the bullish pressure from the beginning of the week, there has been no H4 Close above the 150-Week SMA. Continued failure at this point and price will likely be pushed back down to 110.600 Pivot / Previous Resistance / 50% Fib of the Wave A-B on Chart (Wave labels are arbitrary in this case). Strategy: Wait and See approach for now. A H4 Close...
Political pressure no longer exists. JPY plunge a main priority for Abe now.
Details on Chart. GL! SL 1236s. Bull Targets same as previously (see weekly chart below) Note: Risk of further pullback given below 29s/31s...
Traders, all who followed my reccomendation to short USDJPY are in the money, and with good potential for more downside. We have entered positions to long the Yen (long JPYUSD, short USDJPY, long FXY) and are looking to add to it, either on retrace, any kind of new high, or after a new time at mode signal emerges in the daily chart. For the time being, keep the...
USDJPY went right for the support I've draw two months ago. Nothing changed if doesnt break it. Regards and happy trading!
CADJPY has broken under a previous week's low recently after finding massive supply coming in at a previous low volume resistance level, where the bears showed hand. Interestingly enough, we now have 5 closed quarters without a new high, and a close under the quarterly mode, thus confirming a long term downtrend in this pair is viable. The weekly chart shows us...
CHFJPY is offering a terrific reward/risk opportunity in the daily chart. As you can see I have marked a level of net short positioning for oil futures traders, as well as added the oil line chart as an overlay to the comittment of traders report data indicator so you can see what happened the last time commercial hedgers' net short positions reached these...
As the rally in US stocks continue I taught it would be a good idea to look at the USDJPY since it has been getting beat on in the last few months due to the strengthening of the Japanese Yen. BOJ has introduced negative rates to cause devaluation but that is not working. Going back to Technical Analysis, we can see some support levels that USDJPY is approaching....
bullish divergence in USDJPY H1 long to 110.500 0.23 fib retrace
In this chart I analyze the currently active signals in the JPYUSD chart, as an alternative way of approaching USDJPY to prevent biases. I'm seeing an active 2 week trend, which has until June 27th to complete, but also if you dial down to the 3 day chart, you can see a valid uptrend signal emerging from the recent 'impulsive' leg to the upside. I'm interested in...
This week is clearly a fundamental one. If BoJ maintains dovish measures and FED surprises with a renewed hawkish tone, we may see the US dollar climbing back to a transitional zone.