Japan
Let's keep an eye on the japanese economy :)If no giant sea monster invades the land, their stock market has a shot at going back to ath.
Right now we are fighting this very important - actually much more important than ath - resistance, but we can see there is bearish divergence on the monthly chart.
And there are many reasons as to why we do not go up. A correction is necessary and I think will happen in the next few months.
But after this has happened, when for example the US economy collapses and investors pull their money out and want to put it elsewhere, it is possible they send it over to Japan. If I were to invest in the next year(s) this is what I would do. Pick solid companies there and let's goooooo!
Buy early in the market cycle thing. I wonder how dividends are?
So many people love pokemon giant robots and lizards, anime etc, Japanese foods but no one loves the Japan stocks.
How much investors put into jp stock should be proportional to how much they take of the culture?
If USA is 100 culture and 50 stock, and Japan is 50 culture, it should be 25 stock right?
They are certainly not as undervalued as below 10.000 points at the extreme of the selling, but once that level is beaten in a few months, very quick growth is possible. The thrill euphoria phases go fast. Just get in early but not too early in other words, unless you want to wait 15 years.
I think I will take a look in a couple of months.
This will take a long time for sure.
USDJPY. Update of November chart. Target 118.60-125.00Back in November 2017 I posted the idea titled "USDJPY. Possible wave count. SeeSaw" (see related).
The price was shaping the junction of wave B of ABC correction, which still emerges in this pair.
Last update was done this February where I showed the possible area of wave B completion around 104.25.
The price reached 104.60 area and reversed.
I post this update as price broke out of the downtrend wave B around 112 level and now we can see
how wave C emerges. It could be fast as it should be for wave C.
Now you can check the power of the trends as I added white uptrend to show you where wave C could hit being equal to wave A.
It was marked as target 2 at the 125 level - amazing gain it could bring us. This level corresponds with a multi-year top.
Before that there is a target 1 at the 118.60 level as here is a former top of wave A, which could be a strong barrier for the up move.
Invalidation is below 108.10
Long on USDJPY and other USD pairs!Today and throughout the week I am going long on USDJPY and other dollar pairs. Donald trump has been aggressive towards china with the tariff threats so I see an intense week ahead for the bullish USD. Happy trading keep in mind my setups are intraday and the trends can change at any moment. Manage you risk and take educated trades. HAPPY TRADING !
USDJPY Rejecting triangle break to New HighsUSDJPY Rejecting triangle break to New Highs
The bullish divergence of the relative strength index (RSI), as seen in the hourly chart, indicates the pair could take out falling wedge resistance in the next couple of hours.
Falling wedge bull reversal, if confirmed, would allow a stronger rally toward 111.13 (50-hour moving average).
The bulls need progress soon as the pair is already trading below the all-important 50-day moving average of 110.88. A daily close below that level would confirm a bull-to-bear trend change, that is, the rally from the March low of 104.63 has ended.
Spot Rate: 110.81
Daily High: 111.00
Daily Low: 110.71
Trend: Bullish above 110.87 (wedge resistance)
Resistance
R1: 110.87 (top end of the wedge)
R2: 111.13 (50-hour moving average)
R3: 111.30 (10-day moving average)
USDJPY- yen broke a key level
- Now testing a 4 Month Trendline.
- 4 Month Trendline has been tested twice in the past and bounced off, maybe bounce number 3?
- I will be happy to allocate long/short, off these levels.
Somethings of note:
-the BOJ uses JGB's Targeting in its monetary policy. My theory is that when you see out-sized moves in JGB's, its indicative of a change in monetary stance. Hence what affects currency affects bonds and vice versa.
- I also find the relationship of DXY and USDJPY interesting. This has been occurring since March. One would normally associate USDJPY weakness as you see DXY Strength.
Japan 225 possibly in a reversal zoneIn this screencast I'm looking both at the daily and 4H time frames on the JP225USD.
The daily is into a potential reversal zone based on my methodology.
The 4H is probably into a PRZ based on an ABCD pattern.
Stay lively - stalk carefully. :))
Bitcoin Today: arigato to JapanPrice
Bitcoin did not manage to show higher volumes and hold above the 6650.0 and felt down this morning to the 6300.0 level. Though the volumes did show up in the 6000 – 6400 zone, as it is a supportive zone, the more Bitcoin testing it - the less support this zone will provide. For now, we are hanging at the 6300.0 level and waiting if traders will pick it up or leave it for the next weekends there. Overall the technical picture looks negative, as the longer the price stays in the 6000 – 6400 zone the higher possibility of further declines. A come back above the 6650.0 level with high volumes would be the only positive sign that could save the day.
Latest news
Japanese largest exchange bitFlayer suspends registration
Bitcoin prices fell more than 5 percent on Friday after a regulatory agency in Japan ordered several cryptocurrency exchanges to review their business practices.
The digital currency traded at 6300 around 09:00 UTC, breaking below 6400 for the first time in about a week.
The order from Japan's Financial Services Agency, led bitFlyer — the largest crypto exchange in Japan — to suspend the creation of new accounts while it makes improvements to its business, especially as it pertains to its money-laundering measures.
Nikkei 225: 7th June AnalysisMONTHLY CHART
Price clearly uptrending, strong support at 21k, clearly rejected at 24k. Needs to create a solid area of resistance there, so expecting price to go up there and test if this level is really a relevant resistance level.
21k also a fib respectation, so decent support to range between those levels for a while (potentially)
Conclusion: View is definitely bullish, but rejections mean a potential drawdown on its way.
WEEKLY CHART
Nice support and channel lines lining up to an area of potential support. View on this is neutral/bearish, needs to test that 21k level for further upside move.
Conclusion: View is slightly bearish because of this sell off, looks like it already found bottom. Besides that, stay neutral.
DAILY CHART
Falling wedge broke out, structure is bearish on this one, expecting a move down. Maybe test the highs one more time.
Conclusion: Bearish on this timeframe. Clear downtrend starting, looking for a test of the lows now, which is 22k.
4 HOUR CHART
Steap move up, too steap to hold so it'll probably slow down in momentum and change direction here.
GBPJPY break and retestsimple trendline break on 4H chart and retest of trendline, broken 145.00 region, should see 146.500 pretty soon.
JAPAN 225 Short SetupHere is the observation on the Japan 225 0.68% 0.72% short trade setup.
Entry: 22472.5
SL: 22601.9
TP: 22101.4
Note: this is not a trading signal, please perform your own analysis and trade at your own risk. happy trading!!!
Eur / Jpy - Don't buy this - SHORT There are so many political and economical reasons to continue to short this pair, it's been very profitable so far and it will continue to do so. We've passed the point of control @130 and the next two fib levels are 50% @123 and 61.8% @116 I've been short on this since the middle of last week and another hourly pullback will bring me back into add to my short positions.
USDJPY. Triangle = Continuation downThis is one of the ways how the current correction within the wave X of WXY could unfold.
It is a contracting triangle. After completion we could see another wave down, which is Y.
I highlighted the target area with an orange box, this is where Y is equal to W.
It perfectly fits with the Fibonacci retracement area between 78.6% and 88.6%.
JPY225 Long - Continuation of Long Term TrendWith global market volatility on the rise, Japan looks like a great place to have your money as far as Index's go. The JPY225 is known to be held in large proportions by domestic investors. The Japanese are known to be very risk adverse investors which offers international investors a safe haven to avoid rising volatility in a time on increased uncertainty. I believe the JPY225 will see a continuation along a long term trend line back to ATH's at 24000. Stop loss below Support as seen in chart.
Not Financial Advise.
Nikkei 225: Resistance becomes support at 20963Resistance at 20,963 established in May - Aug 2015,
has now become support.
Bullish trend is intact.
USD/JPYtouching the swing low, so a bounce back up should be coming soon, but it depends on how good the dxy will perform.
NIKKEI ACCURATE DAILY TECHNICALSNIKKEI JPN 225
To open LONG positions for JPXJPY , it is required:
NIKKEI is targeting 23000 to form a double top before a large market correction. Indicators are approaching positive conditions on our system & a breakout has occurred to the upside territory to confirm trade entry but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
JOIN THE TELEGRAM FOR EXCLUSIVE SIGNALS @ RSADVANTAGE
Profit expectations: 15-30 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
japanese timestamp for massive btc sell-ordersJust a very simply and informative BTC-Chart showing high selling volume during the last days. Assuming, it is the MtGox trustee trying to pump the btc market the time dates relate to Tokyo time.
::good luck trading everyone::
Best, B
