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Eurjpy - Long term - Daily Outlook - Eray ErgünGreen Trend Line is not significant but that will show us when bears could come to market. 124.670 is good point to putting a short order after breakout of that level short positions will increase. 127.300 is strong resistance for now. If this area broken then short orders will be canceled; Below 122.00 - 122.100 will act as support but after previous breakout I can wait another breakout here. Of course market is dynamic so we will reanalyze after we reach these levels.
Short
by Emp4radoTR
2
GBP/JPY Looking for Swing ShortsThis pair had been in an uptrend on the Weekly chart as you can see from the clear higher highs and higher lows we had been making since October 2014. I mentioned this pair in my recent youtube analysis www.youtube.com and how i was neutral given the recent Daily movement was hinting at bearish swings. We have now broken below our ascending trendline and driven right down in to the 180.40 support level. This move has now given me a firm bearish outlook from a swing trading position and i am awaiting a short setup. The most obvious opportunities would be either a retest of the broken trendline around the 184 area or alternatively a clean break and retest of the 180.30 level with clean price action to signal entry. Given we now have the Christmas and New Year holiday period its likely to be a couple of weeks before the set up arises but i have it on the watchlist.
Short
by UnknownUnicorn185710
2
Update on CADJPY - LONG TERM VIEW WITH EXECUTION STRATEGYI view this cross as the best way to express a short position on oil and Canada, while remaining neutral or short on the US equity market, and bearish on Japanese equities for the intermediate term. Canada and oil have a .78 correlation coefficient since the early 2000's. I believe oil will remain weak and will continue to put pressure on Canada's economy. Additionally, Japan has not signaled any sign to enhance QE anytime soon. In light of that, I do not expect their market to do extremely well, nor do I believe we'll see a huge push lower in the Yen. Lastly, when the US equity market does poorly, capital flows to the Japanese Yen for safety - at least historically. At some point I expect the trend to reverse. When? I have no idea. But the technical's are certainly telling me the trend will continue for now.
Short
by Lanmar
USD/JPY LONGThis pair is now firmly Bullish both technically and fundamentally following the Fed rate hike and the current state of the Japanese economy. On the weekly timeframe we are in a clear uptrend and the daily showed signs of that continuing by making a new higher high recently. We retraced back to the 50% fib level and have now broken back above the key 121.80 support/resistance area. I an now long looking for the first target back at the recent 123.75 highs followed by 125.00. Longer term we could see new weekly highs up at 127.00 and 128.00
Long
by UnknownUnicorn185710
1