The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390.
What we have observed is price discounting itself. An opportunity to buy at a cheaper price level.
So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...
FX:USDJPY
OANDA:USDJPY
FOREXCOM:USDJPY
SAXO:USDJPY
In the immortal words of Salt-N-Pepa ‘Let’s talk about stocks, baby!’
Nothing seems to be able to keep stocks indices down. Trump has sent the war cry as he enters a new election campaign (I have had to scroll back for 5 minutes through only two days of tweets to find it!)
‘ The Trump Economy is setting...
If you've never heard of the Yen 'flash crash' on 3rd Jan 2019 (after a 4 day bank holiday in Japan), you definitely need to watch this. We have a 10-day bank holiday in Japan in Golden Week.
The previous mini-crash was on one day. Loads of retail forex traders were wiped out. Now we're staring at potentially something more than a mini-crash on Yen pairs.
What...
USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.
In this screencast I review briefly some headline issues that point to deep troubles affecting the American economy. I look at the Dow Transportation Index which appears to be leading Wall Street in a southward direction.
My list of troubles for America is not exhaustive - so I may well have missed something of greater importance. Do share other facts if you...
In the screencast, I show that there are still opportunities in various directions which are time frame specific. It all depends on what is your affordable controlled loss (aka stop loss). My bias is for the south on a 4H time frame, based on price instability and some resistance on higher time frames.
I compare the situation at 01/01/2019 with a few days previously (see video 4 min mark in screencast below). I've extracted value in this experience because this scenario and one similar in ETHUSD, leads me to a better confidence about spotting trend weaknesses and getting earlier on trend changes. I focus on curves in relation to trend-change indicators....
USDJPY and the US-Dollar basket are showing signs of weakening of their trends. I show why I think so, and I'm happy to hear of a different perspective based on the charts. Late last week I saw some unusual Yen strength which was masked by base currencies doing other things.
I was surprised that Wall Street was heading north but Yen quoted pairs did not rock...
Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
