Can Japanese YEN Continue its Strength ? Price Action Analysis
Updated
Hello everyone:
Today let's analyze the Japanese YEN market from a multi time frame analysis.
Higher time frames to lower time frames point of view.
Specifically I will do a full on price action analysis and will also look back at the previous Feb 2020 period during Covid-19 sell off.
My general view and bias on the JPY pairs are bearish, looking to continue its strength across the board.
Some pairs will naturally have better price action developed, while others are paired with stronger currency hence the consolidation or sideway movement.
Let's take a look at the best ones on my watchlist for the weeks ahead of December 2021.
Keep in mind that if the market has reversed and the bearish bias and price action are no longer valid,
then I will look to exit the positions and move on. Never force any trade, entry or holding positions.
CADJPY
Current Market:
Previous Forecast/Analysis/Outlook:
AUDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
NZDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
GBPJPY
Current Market:
USDJPY
Current Market:
CHFJPY
Current Market:
EURJPY
Current Market:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Today let's analyze the Japanese YEN market from a multi time frame analysis.
Higher time frames to lower time frames point of view.
Specifically I will do a full on price action analysis and will also look back at the previous Feb 2020 period during Covid-19 sell off.
My general view and bias on the JPY pairs are bearish, looking to continue its strength across the board.
Some pairs will naturally have better price action developed, while others are paired with stronger currency hence the consolidation or sideway movement.
Let's take a look at the best ones on my watchlist for the weeks ahead of December 2021.
Keep in mind that if the market has reversed and the bearish bias and price action are no longer valid,
then I will look to exit the positions and move on. Never force any trade, entry or holding positions.
CADJPY
Current Market:
Previous Forecast/Analysis/Outlook:
AUDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
NZDJPY
Current Market:
Previous Forecast/Analysis/Outlook:
GBPJPY
Current Market:
USDJPY
Current Market:
CHFJPY
Current Market:
EURJPY
Current Market:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Note
Look like all the JPY pairs dropped as expected, lets update the current development:AUDJPY:
NZDJPY:
CADJPY:
USDJPY:
GBPJPY:
CHFJPY:
EURJPY:
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