Japanese Yen / U.S. Dollar

FX_IDC

JPYUSD

Will Risk Sentiment Turn Positive after nearly 2 months of negativity?

The chart shows the JPY weighted index on a daily time frame, creating a bearish bat harmonic pattern. Furthermore, the last 3 daily candles together have formed a three pin pattern (Evening Star formation) indicating bearish reversal. I expect JPY to start showing signs of weakness in the next couple weeks across the board, meaning potential XXXJPY buys. The...

JPYUSD

Indecision has been formed on a resistance line, if it pulls down below previous candle low could be a short reversal with a good profit ratio.

The Japanese yen is currently at a multiple tested support range at 0.00900. Here you have to look more closely and there are several possibilities: 1. Direct long positioning and stop loss under the support area 2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under...