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Japan

GBP/JPY British pound vs JPYThought: What if we actually break north? What if price continues to drop? My Overall Bais: Bullish Confluence: 3rd bounce of Daily black TL. Confluence: possible break of the H4 blue TL. Confluence: price laying on 61.8% Confluence: RSI (waiting for Tuesday) Scheduled Trade: No trade Monday: NO Tuesday 3AM EST: TBD based on confirmation check list. Note: Either price fights its way down taps the Red M.A., and gives us a launching pad for the rally ride north. Follow Instagram: WallstreetJon
Long
by BlueNoteFx
LONG Another DeJaVu Gap Up After WeekendThis is what I am seeing on UJ with USD ( DXY 0.07% ) getting primed for a turn around and another possible run to the UP side. As per my previous LONG idea (You-Jay All Day) we are still following the same uptrend as in April this year. The chart on the left was back in MAY, the one on the right is this past Friday. So I am tempting fate with seeing the market repeat itself again with another GAP UP or at the least a nice UP day at the beginning of the week.
Long
by Bonavest
EUR/JPY: Short This pair went up for a long time and now we are seeing some deceleration this tells me that a pullback might be coming. -> We formed a double top -> We formed a triangle (consolidation pattern) When u spot those things, just wait for the market to prove itself. During the Asian and early London session, this pair broke to the downside which tells me that I should be on the look-out for a SHORT trade. I want to see a retest of this trendline that was broken -> 4H, 2H, 1H chart, doesn't really matter. Just a good retest, with a nice candle on one of these TF's ( The higher the TF, the better ). Personally i will look for my go-to setup when price retests that level. Goodluck.
Short
by BoyWonderfx
Potential for further Yen Strength. Hello Traders, At the end of the month I like to do some monthly candlestick analysis and look at how the month closed and to get a better feel for the longer term perspective. Technically the yen looks poised for further gains since closing below the previous month's lows. I use depending on the asset class the 10 EMA or 20 EMA on the Monthly Charts to determine what type of trend a market is in. In this case, we have a monthly close for March exactly on the 20 EMA. So anything can happen here. If bulls take control and manage to close above March's highs then it is probable that we test the 124 handle. On the other hand, if April closes below the 20 EMA and March's lows then it is very likely that November USD/JPY bulls will begin to liquidate their long positions and the cross pair can head to test the 100 - 105 handles. Monthly RSI has been on a downtrend since topping out in December of 2014. So strength still remains biased to USD/JPY bears. Feel free to share ideas and open discussion in the comment section! Manage your risk, trade smart and with a plan. =)
by Daniel.B
USDJPY: Trend is up nowI think we can be more or less sure that the trend has now turned up on this pair. I'm holding longs, although I had closed earlier, I reentered when turning up for the day today, after we made a new daily low. That was a good cue for a potential short term bottom. I like the VIX key levels on this pair, I have talked about this in the past. For more information, check Tim West's publications. If you're long, hold and trail stops gradually. Good luck! Ivan Labrie.
Long
by IvanLabrie
1
THE RISING TIDE. The bank's tsunami is coming.A lot of altcoin pumpers who think they run this show say this ride is over. They think they are whales, but they are about to understand they are mere little fishies compared to the super whales entering the water. The unfortunate reality is big banks still run this show. Altcoin trading is about to get a big ass pounding and disruption. Late last week, news broke that Japan's biggest Bank of Tokyo-Mitsubishi UFJ (BTMU), the 3rd biggest bank in the world has formed an agreement to work on standards with Ripple. The rest is history. Price went up. Price went down. Standard shit. But this isn't standard kids. Most altcoin news is followed by a dump because really it's just some hype to lift values. Japanese are all about honour. If they make a commitment, it's huge in their culture to protect their face - their image. If a leader makes a decision, the honourable follow. XRP's ATH a few days ago was just the first ripple that will build into a tsunami. Where do you stand in the wave? I expect in the coming days or weeks to follow, we're going to see news release after news release of new partnerships. This could escalate very quickly. It could also play out much longer. Depends what your game strategy is. My strategy is long and slow. I make more holding for extended periods than I do sitting in front of a chart all day. So choose wisely. I see a fractal there. Altcoin traders with a few btc's behind them think their opinion of this pump being over matter when MUFG has something like $80-90b at stake. It's laughable. If you want to get rich tomorrow, there's no guarantees XRP will moon. But I see anywhere at this point as a good entry. Expect it to go down however, and for how long? Who can say. The last rush, I started accumulating around 1000, and had to wait it out while it descended to 600. If you ask the charters during this period while I was recommending this as a buy, a lot of them would have said you were crazy. The SWIFT problem is a mega billion dollar headache nobody else is solving. The banks have chosen their chosen one for the coming era. Don't say I didn't warn you to buy some XRP and rise with the tide. ~ Hanz E. Holdinworth Because my hands are holding worth.
Long
by hanzeholdinworth
13
FNTP: USD/JPY Small retrace, then long for several days"From Noob To Pro Trader"-series: another test case and prediction from a complete noob :D. My mission is to become a better trader by making solid predictions. Then, learn form my mistakes and enjoy the times I was right. I predict that, when the AO gives confirmation of a bearish market on the 4H level, we go down for a few hours, then we'll retrace from there and long for the next few days (bigger timeframe). Any help & comments from pro's welcome! If you want to support me, join 1Broker with my referral id: 1broker.com
Short
by polyclick