USDJPY
U.S. Dollar / Japanese Yen
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV, SIRIUS MINERALS PLC ORD 0.25P, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, TCG
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
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...
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...