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Japaneseyen

AUDJPY: Testing the 1D MA50, approximating the perfect shortAUDJPY continues to trade inside a Channel Down, testing today the 1D MA50 after a continuous 1 month counter trend rise. For the time being this is rise similar to the one that was completed on February 14th and made the latest Lower High on the Channe Down. The ideal short entry is between R1 and the 1D MA200. We set a long term target on AUDJPY on the bottom dotted trendline (TP = 85.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
CHFJPY signaling a bullish extensionThe CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target: Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish leg of a sequence similar to June 2022. This gives a maximum upside at around +7.20% from the Higher Low. We set a target below it at 159.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
HelenP. I Japanese Yen may rise to resistance zoneHi folks today I'm prepared for you JAPANESE YEN analytics. A few weeks ago, the Japanese yen fell to the level 129.70, where it formed a support zone from which it rebounded and began a local uptrend. The price rose to resistance at level 133.80, re-tested it and fell to the trend line. The Japanese Yen continued to grow and re-reached a resistance of level 133.80, made a downward correction, after which it continued the uptrend, break through resistance and fixed higher. The price reached the next resistance at level 135.15, from which it decreased and re-tested the trendline. The Japanese Yen continued in an uptrend and recently broke through resistance. So, the price is currently trading above the level 135.15 and may continue the uptrend after a slight correction and test of current support. It seems to me that the Japanese Yen can continue to grow and reach the resistance zone. Therefore, targets will be set at level 136.50 and in resistance zone 137.30–137.90 with also corresponds Fibonacci level 1.618. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
AUDJPY Sell opportunity on a Double Channel Down pattern.The AUDJPY pair is trading inside Channel Down pattern since the September 13 2022 High that is diverging some (dotted lines) to the 1D MA200 (orange trend-line). At the moment the price is ranged within the 1D MA50 (blue trend-line) and 1W MA100 (red trend-line). Having previously broke below the 1W MA100, the current level is an ideal sell entry and with the 1D RSI showing similarities with with late 2022, we will target 83.450 as a Lower Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Japanese Yen can continue to fall and break support of channelHello traders, I want share with you my opinion about Japanese Yen. Looking at the chart, we can see how the price broke through the resistance level 135.15 and continued to rise. After almost reaching the 138.00 mark, Japan's Yen bounce back and formed a seller zone, which it re-tested and started a downward movement. The price formed a downward impulse, broke through the support level and, after an upward correction, continued to fall. The Japanese Yen dropped to a support area 130.25-129.80, where it ended the downward movement and began to grow. Over time, the price has created an upward channel and is trading inside. We see how the Japanese Yen, after retesting the support line of the channel, continued upward and reached the current resistance level, which coincide with the resistance line of the channel. Not so long ago, the price bounced off the resistance line and began to decline. The Japanese Yen is now trading below the resistance line and can continue to fall. I think the price can continue upward movement, but first it will make a deep correction and go down to the support line. In that case, I decided to set two targets at level 133.25 and at level 132.80, which coincide with the support line of channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
EURJPY Pull-back has started.The EURJPY pair appears to have completed the latest Higher High within its 1 year Channel Up, slightly above the 148.400 High of October 21 2022. That has completed the buy signal we gave on February 16: The 1D RSI almost hit the 70.00 overbought barrier and the last 3 times it did, the price pulled-back to at least the 0.5 Fibonacci retracement level. That is currently a little under 144.000 and that is our short-term Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
🧅USDJPY 22 Apr 23Simple Technical . Simple Fundamental . Simple Set up . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
Long
by MLGONION
EURJPY: Pull-back expected. Buy on the 1D MA50.The EURJPY pair has hit the 147.750 Resistance after a strong rally that started a month ago at the bottom of the 1 year Channel Up. The key 1D technicals are firmly bullish (RSI = 65.143, MACD = 1.070, ADX = 55.694) suggesting a strong green trend but as the price is approaching the HH trendline, the greater the probability becomes for a 1D MA50 pullback. This is in line with the previous two bullish waves to the top of the Channel Up. Consequently, we expect a pull-back here or slightly higher and will be looking to buy on the 1D MA50. The target can be quite high but we will settle with a TP = 150.000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
Spotting a potential buying opportunity in USDJPYThe USDJPY pair has started to form higher highs, indicating a short-term uptrend. This is further supported by the price moving above the 100 and 200 moving averages on the 4-hour timeframe, as well as the 100 moving average on the daily timeframe. Currently, the price has reached the upper edge of the upward channel and has shown reversal candles. We are waiting for the price to re-enter a buy zone that corresponds to the 61.8% Fibonacci retracement level of the last wave, which coincides with the 38.2% Fibonacci retracement level of the previous downtrend wave since March. Additionally, this buy zone is close to the convergence of the 100 and 200 moving averages on the 4-hour timeframe, the 100 moving average on the daily timeframe (in blue), and near the upward trend line and a local support level. If the price responds positively to these supports, the next target could be 134.9. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
by Candlestick_OB
GBPJPY: Channel Up needing a pull backThe GBPJPY pair has been trading inside a Channel Up pattern for the majority of the year and with the price now on its top, the 1D technicals are naturally bullish (RSI = 65.660, MACD = 1.070, ADX = 50.539). A Golden Cross will be formed by next week and just as the Death Cross was on a bottom on Jan 17th, the Golden Cross can be the Channel's new Higher High and start a pull back to its bottom. Sell as long as the price closes inside the Channel Up and buy near the bottom (TP = 168.000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
USDJPY: What to Look At This Week 🇺🇸🇯🇵 Since USDJPY reached an important structure low in March, the market is correcting. The pair is accumulating around a key horizontal resistance cluster. Look for a bullish breakout of 134.06. A daily candle close above that will confirm a violation. A bullish continuation will be expected at least to 135.0 level then. I will post an update after a breakout confirmation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵 I see important bullish accumulation signs on USDJPY. The price keeps setting multiple higher lows, perfectly respecting a solid horizontal resistance and setting equal highs on that. I will expect a breakout attempt of the underlined structure next week. If the price breaks and closes above 134.06 level, it will confirm a violation. A bullish continuation will be expected then at least to 135 level. I will post an update once the breakout is confirmed. Good luck next week. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
9