USD/JPYForming a descending triangle. If we see another rejection around the 105.5 area we could get a good opportunity to buy.
Dollaryen
USD/JPY- Investor Fears or Market Confusions? Shorts in PlayUSD/JPY has been the most confusing dollar cross as other have rapidly depreciated against the dollar whilst the Yen has done the inverse and actually Appreciated! All thing being equal, the global equities sell off and corrections could spell pure investor fear causing large funds sucking up lots of Yen in Anticipiation of a Market Drop.
The 106.50 Key weekly level is a critical Area for influx of orders in the pair. A break below would indicate a bearish sentiment while a break above the current wedge formation could also signal another Dollar Rally
Fear aside, Sushi is where its at!
Long Japanese Yen Trust The USD has been challenging to trade in the recent global market environment
Long-Run equilibrium exchange rates may be changing due to Central Banking policies & inflation
Covered interest parity is being challenged with recent market events
Being long the Japenese Yen Trust (FXY) offers significant upside via a bull call spread
We have outlined trade which can be accessed on profile however a summary is provided
2 Month Call Skew is .97 standard deviations above 1 year mean
2 Month Volatility is .31 standard deviations below its 1 year mean
FXY (The Yen) is moving on risk concerns but we believe expectations that the BOJ may finally taper their balance sheets after a long run of solid growth that will drive it further
Interested in all thoughts & analysis on our idea.
UJ at critical area...USDJPY currently playing on a critical area, a bounce or break of the zone will give more clarity
For now, it's a no trade for me
USDJPY - DAILY CHART - LONG BUY IDEAUsdJpy - Daily chart - expecting bullish extension legs from here for all jpy pairs. Technically I see dollar index and jpy pairs on a pull back so good setups across all dollar and jpy pairs.
USDJPYThe analysis for this pair shows that this will be a long term down trend due to the triple top price action pattern that has occurred. The triple top indicated trend reversal. the trend should relatively follow the descending trend line and at the moment this pair is having a retracement. A good place to enter a short would be when the retracement is done and the pair starts to fall again. However, the safest place to enter the trade would be when the pair breaks the bottom ascending trend line. Please like and follow! message me about pairs you want me to analyze.
UsdJpy - Support Failure Hints Further DeclinesLast week price failed to hold the support level of 113.186 before re-testing it as resistance and declining. A correction next week towards the 112.600 area (or possibly a re-test of resistance at 113.186) will provide an opportunity to look for Shorts towards the next key areas of support at 111.719 and 111.321 respectively.
USD/JPY *SELL* Remember you saw it here first! all out on this and bitcoin right now lets see how it plays out.
i feel we are in a very interesting time in the market right now and there is huge potential for a lot of volatility coming up to the end of the year!
Bullish Butterfly UpdateStill bearish on UsdJpy to completion of Butterfly pattern
(See previous post)
Waiting for a bearish reversal pattern for entry
Retest of countertrendline
TP 1: 106.00
TP 2: 105.25
From there price action will be monitored for next impulse
Dollar Index RIPDollar Index on the daily time frame looks like it's set for a free fall.
ADX shows a very strong bearish trend and Stoch Rsi still shows strong selling pressure. When you look at the price levels its just broken through a resistance and it seems to keep trading in the fresh downwards channel.
With this in mind, stay sharp on possible sell setups on the dollar pairs. Also look to buy JPY.
USD/JPY MONTHLY Short/Bearish Trend. Correction or recession?Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and indicating to us that something big is coming!! and Technically I see major fall in usd and strength in jpy and gold.
Bullish reversal. LongI just published an idea stating the exact opposite of this. sorry about that. The ema's are about to cross and reverse to the upside. Long!
Overall bearish trend. Drop at 38.2EMAs showing overall bearish trend. resistance is 38.2. Should see a drop from there to 110's again.
Sell on wave 4 for wave 5 to complete wave ALooks like usdjpy finished wave 3 and 4 within wave A to the downside. Testing 61.8 fibonacci levels, there should be one last drop to the 78.6 levels to complete wave 5 within wave A. Then B and C Follow.
FINAL ANALYSIS - BIG REVERSAL IN USDJPY - 1H CHARTHey Folks,
Facts:
1- Top of structure broken, so the 3 wave correction is about to end up.
2- There is still a chance of one more move up, watch for that.
3- As soon as market breaks trendline we will get in the trade.
-
Hola Amigos,
Hechos:
1- Tope de la estructura roto por el mercado, por lo cual la correción de 3 ondas terminará pronto.
2- Cuidado! Quizás hay un movimiento más hacia arriba.
3- Tan pronto como el mercado rompa linea de tendencia, nos metemos en el trade.
Carlos
On wave A to the downsideThis is what i think is happening. Were on wave A to the downside. Weve finished wave 2 within Wave A so now were on wave 3.
ABC Correction To the downsideYesterday I made a mistake on my USDJPY idea. I was thinking it was doing a 5 wave impulse to the downside, but It isnt. USDJPY finished 5 waves to the upside and now we should see an ABC correction to the downside. Its possible wave B has finished, and now well see 5 waves down within this C wave to the downside. Another possibility is that were only on Wave A to the downside. Either way, We should be bearish for a while. I have take profit set around 114.300
Short. Wave 3 BeginsUsdjpy hitting the trendline and the 38.2 fibbonacci level. Wave 3 Within wave 3 is next :)
May have finished wave 2. Now wave 3 dropsYou can see 5 waves within wave 1 and abc correction within wave 2 very clearly. If wave 3 is next, this will be a big drop. Keep in mind, Wave C within wave 2 could have more bullish room to go.
