Yen long positions on the futures market are at record highs and historically any high risk event to the dollar supports the Yen as investors seek to protect themselves from uncertainty. Price rejecting the 50% fib level and an interesting candle formation lead to a reasonable conclusion that further downside gains are to be made this week. Poor US news will...
USD/JPY interesenting signal would be to see the price breaking over the descending channel and the fibo 0.23 level from the lows in 2012-2013 and the higs in 2015, in a closer tearm using the last available fibo we find a possible pullback before fighting for the resistance in 113.94.
The US Dollar fell to a four-month low last week with prices testing 94.50 support on dovish FOMC meeting. But prices managed to reverse their losses with the Dollar Index posting steady gains, for the most part, this week. Prices rallied for nearly four consecutive days after falling to the 94.50 support. The gains in the US Dollar came about as various Fed...
Price broke downtrend. It should join daily KS. Check related idea for more details.
Comments on charts. Feel free to comment and like
Trading a break of the 76.4% fib or 50% fib level is likely yo yield a favourable trade. So what is going to cause a break above or below these levels? BOJ chief Kuroda is speaking in the early hours of Monday morning while the Chinese Trade Balance is out sometime on Tuesday. The Kuroda speech is likely to have more sway in moving price action however if it...
Short term wedge looking to close soon , sell or buy the break .keep an eye on 'R1' & 'P' pivots I'm Bearish on the pair and think it will break down some support clustered around 113.50 - 113.00 Trade it as you will
Breaking out of the symmetrical triangle will confirm the uptrend
Potential head & shoulders set up over the last 15 months Left Sh Dec 2014, Head Jun 2015, Right Sh Dec 2015 Last 2 month H&S refer to USD/JPY TRADING PLAN - PAT MORITA PATIENCE 2 Left Sh Nov 2015, Head and Right Sh Dec 2015
1. a bearish cypher 2. rebound to near 123+ former top 3. usd may face "sell the fact" after fed 25bp hike sl:123.70 sp:121.80/121.20/120.30/118.80
hey guys I am new to analysing charts I just want to get everyone's opinion on this chart I have drawn for USD/JPY
Short U/J at current market price. S/l and T/p according to the given levels. Trade well! Makkaba team
On the USD/JPY Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern. The price reversal zone on this pair is between 124.194 & 125.235 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the .382% and .618% retracement of...
USD/JPY Showing indecision with spinning tops. Using Heikin Ashi candles to show average price and filter some of the noise from the charts. Close below blue line could show more bias to do the down side to lower structure "box".
Yesterday's doji signals a possible move up, especially since bull candles appear to be stronger in the last few days, so a possible move to 121.31 or such. Trade placed around the middle of yesterday's candle with stop below it, target on the next meaningful high at 121.71 betting on a higher probability of the level at 120.50 being breached up.