my prediction of JXY shows that we are in the begning of new powerful trend which provide us a brillant oppurtunity to buy japeniss yen
While trading, it is worth knowing that Japanese Yen closely follows Gold, both intraday and on bigger timeframes. Both instruments mirror each other. So, XAUUSD analysis are valid for USDJPY, only in reverse order, i.e. if XAUUSD will move up a few ticks USDJPY will move down the same distance. Safe trading! The chart above demonstrates this correlation. I chose...
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Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that...
Japanese yen (JXY) broke from a big bearish channel and started heading to the skies. Now it pulled back to 200 EMA and horizontal support level (that was once a resistance). I expect a bounce off that level. It might test it a few more times penetrating it but the eventual route is up. The worst scenerio: it can drop down to the triangle trendline (in which it...
uptrend violated, building a Head from the strong pull back. Now it will build the right should and drop
It seems that index Japanese Index in falling more
JXY sell idea @ supply zone 96.6 - 100.5
Moving averages crossed. Yen is due for a long term bull. Trend will be similar to commodities
Watch out on JPY pairs, the JXY index may have broken trend line. Must wait for confirms.