OANDA:CADJPY
The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will...
Hedge funds are betting big against the Japanese yen, driving short positions to their highest level since April 2022. This aggressive stance comes despite warnings from the Bank of Japan (BOJ) that it will intervene in the currency market again to defend the yen if necessary.
The data, compiled by the Commodity Futures Trading Commission (CFTC), shows a surge in...
Trade of trades, I opened a position on Friday, but you're still on time. I'm warning you, you need to be very patient for this and have a unique personality. I'll try to handle it, I already put in my mind that it could take weeks until the break out and no matter what happens I'm holding. I recommend to open a small position and add at every drop or whenever you...
Anxiety hangs heavy over the yen market. With the Japanese currency hovering near a 34-year low against the U.S. dollar, traders are wary of potential intervention from Japanese authorities. This comes as Finance Minister Shunichi Suzuki reiterated the government's concerns about the rapid depreciation of the yen.
The Yen's Slide: A Perfect Storm
The yen's...
The Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar.
A Perfect Storm for the Yen...
The yen has appreciated recently after the Bank of Japan intervened in the currency market. This is a significant development with potential implications for the foreign exchange market.
Considering Going Long on JPY?
A stronger yen could be an attractive opportunity for traders looking to go long on the currency. However, it's important to conduct thorough...
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** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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The hedge fund industry's short weakness on the yen is creating a fantastic opportunity for us to long USDJPY! As the Bank of Japan prepares to raise rates, now is the perfect time to capitalize on this trend and potentially make some significant profits.
The recent weakness in hedge fund shorts on the yen has created a favorable environment for us to take...
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** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame.
GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
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** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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There is possibly no bigger trading event this week than the Bank of Japan’s decision on Monday.
The groundwork for abandoning negative interest rates has been subtly laid since last year, and now, this could very well be the month they choose to make their move.
The prospect of ending a policy entrenched for nearly two decades could significantly move the...
This is a counter trend but here is why we are selling.
Trend:
W1: Up
D1: Up
H4: Flat
Moving Average:
Above the Daily MA
H4 pointing downwards
Pattern:
Shark on Daily
Strong resistance at 151.50
Double top on Daily and lots of divergence
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG.
Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci.
💡Wait...
Looking for 1 more leg down at least in a bear channel.
There are premises for both long and short, but if I have to choose into this next session, we go bearish.
This is an Asian session trade. There was a lot of strength with Yen as of late.
As we can see from the chart above, the previously shared analysis hasn't changed (see chart below). From a technical point of view, we have considered the idea of a potential bullish swing developed with at least 3 legs, such as ABC for example )without excluding an impulsive structure 12345 with Target above the previous Top).
Now, instead of following the pair...
Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
