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Japaneseyen

EURJPY Key trading levelsThe EURJPY pair is trading around the 1D MA50 (blue trend-line) being within a Channel Down pattern since the April 21 High. Coming off a Bearish Megaphone, this is similar to the Channel Down of September - November 2020, which was nothing more than a big Bull Flag on its way to a strong uptrend. If the pattern continues to be repeated, then the price should post one last Lower Low near the 1D MA200 (orange trend-line) and then rebound towards the 140.000 High of April. If however the 137.00 Resistance breaks first, this Lower Low is invalidated. Notice also that the MACD is currently on a Bullish Cross. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
4
TRADE OF THE WEEK | Classic Pattern Trading 💰 Hey traders, Last week we spotted together a cute double top formation on USDJPY. Its neckline breakout was a trigger for us to sell the market on a retest. This week, we finally cashed out with my students. The market dropped nicely giving us 130 pips of pure profit. What a great winner! Did you catch this move? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵 Hey traders, USDJPY is coiling around strong daily structure support. From such a perspective, I see two potential scenarios: Bearish If the price breaks the underlined yellow support to the downside and closes below that on a daily, then a further decline will be expected to 125.25 level. Bullish On a 4H time frame, we can see a local bearish trend. Lower highs are respecting a falling trend line. If the price breaks that to the upside I will expect a bullish move to a daily falling trend line. Wait for a reaction and only then follow the market. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
16
EUR/JPY - BUY SET UP ON ECB RATE HIKES The Euro is now highly likely to catch a strong bid against the Yen after the European Central Bank President Christine Lagarde said the Central Bank is likely to start raising interest rates in July and exit sub-zero territory by the end of September 2022. Interest rate differentials on Government Bonds will support the EURO higher. In this video I breakdown the historical relationship between the difference in Japan and Europe's interest rates and how the currency pair follows the negative or positive change in European Bond Yields relative to Japan.
Long
by KayansMarkets
NZDJPY (NewZealand Dollar/Japanese Yen) Currencies analysis Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 2 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast dates and exact Prices.
Short
by BitonGroup
2