I explained the whole market in my video that I published in my channel
Overview: Yen has failed remarkably at 87.34 - 89.17 Buy-zone where Buyers previously shored Support. 87.34 - 82.37 is a Major Buy-zone layered with numerous Buy-levels which, so far, all have failed to attract Buyers. So what are the chances USDJPY will experience the unprecedented and anticipated Selloff? First the Yen has to find Buyers. Technically, The...
Japanese Finance Minister Shunichi Suzuki said on Tuesday the damage to the economy from a weakening yen at present is greater than the benefits accruing to it, making the most explicit warning yet against the currency's recent slump versus the dollar. His remarks came before his trip to Washington to attend a gathering of financial leaders from the Group of 20...
Japanese government will do something to stop their currency from depreciating.
As per seasonals, JPY is bullish for month of april. also at base Support. 2009: +0.22% 2010: -0.38 2011: +2.39 2012: +3.85% 2013: -3.36% 2014: +0.98% 2015: +0.54% 201ó: +5.84% 2017: -0.13 % 2018: -2.6% 2019: -0.47% 2020: +0.37 % 2021: +1.32 % Positive (8/13)
After the Open, the price gaped lower trapping net long positions at 81.68. Price is delivered lower and broke a swing low at 81.33. This market structure break illustrates the willingness of the market to go lower potentially reaching a target of 80.70. With entries in the PM Session during the London Close, I expect institutional Selling of JXY at 81.50 as...
Hi, please check the all JPY graphs I publish. That could be a huge opportunity to become Yen long. All set - up are ready
The YEN weakness is the main driver of its pairs, especially USDJPY. As many of us have been expecting a decline in price, we just might be very close to shorting JPY pairs. JPY pairs are mostly overbought across board so keep an eye on the YEN reversal for a short opportunity of YEN pairs. Good luck and stay liquid. x
We see price is headed down to 80.8-81.57 meaning that the down trend will further continue meaning all currency pairs against jpy should perform decently well. the take away is that once price reach 80.8 or a bit below we will see a reversal to the uptrend
First of all, looking at the chart, we see that we have been in the bearish trend since January last year. Second, the JPY index failed to form a new higher high compared to the August 2016 high. By setting the Fibonacci level, we see that the index stopped at 38.2% Fibonacci level. This is a sign of continuing the bearish trend JPY breaks below 84,200, our...
Successful Forex trading is fusion of fundamental analysis and technical analysis and a decision based on both. Fundamental analysis is very important part of forex trading. Fundamentals are factors of any economy which have the power to derive the currency and set a new direction. A keen forex trader keep eye on these economic factors, analyze the effects and...
in every pair jpy is over sold and it will be sharpy strong for this year usdjpy 110 eur jpy 125 gbp jpy 145 cadjpy 85 chfjpy 115 adujpy 75 nzdjpy 72.5 are targets and even can sell sgdjpy for 80 .
A lot of ways this can chop short term, but overall I think this portrays my view.
> We Have Bear Market Structure on the Daily/Weekly Timeframes > No Planned Red Folder News events for the next few weeks > Perfect time to trade with the trend > As a Result I am Bullish on Some of the Yen Pairs such as GBPJPY > Especially considering Pound Interest rates rumours, we still have another 2 days until we see what the rates really are going to...
Bearish in JXY according to bearish trend line, shows JXY continue to down to support level 84.73
We have entered a very important zone for the JPY index from which a new bullish impulse can be produced.
The index that measures the strength of the JPY against a basket of other currencies (JXY) is down approximately 9.5% year-to-date. At the time of writing, the index is valued at 87.97, after spending the past month climbing up from its yearly low of 86.60. Not only was 86.60 a yearly low, but also a four and a half year low (last seen in March 2017) for the...
Daily showing Inverse Head & Shoulder with Bullish Divergence. If JXY plays out this will go hand in hand with GBPJPY Long term Analysis for Sells. View Related ideas for GBPJPY Analysis.