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Jpyshort

EUR/JPYI am expecting the price to continue its price rally that begin last week. The price bounced off an ascending trend line which began in June 2016. It has also bounced off a support at 126.6 However, I will be looking for a short-term correction before entering a long position on this pairing. Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. If you stick by a smart trading plan you can substantially reduce your exposure to losses.
Long
by StirlingBishop
I HATE following the crowd, but they're right about USDJPY. USDJPY is headed down, BUT the long-term analysis of the monthly chart is not bearish. The current US President (President Trump) will do everything he can to boost the economy (or the market sentiment) as the upcoming political debates take place. Perceived improvements in the US economy will send the USDJPY up over the next few months, however CURRENTLY there is a short-biased across the currency market as it relates USDJPY. As it stands, JPY is very strong and had a great run over the past few weeks. The strong Yen will continue to push USDJPY down over the next few (possibly 2 to 3) weeks, but will slowly fade (in my opinion). Good news and feelings can only last so long. After the JPY bullish bias fades and the US Market picks up, I expect this pair to rise. My short term opinion follows the rest of the world in seeing USDJPY bearish. This bearish move is good for a couple of hundred pips, BUT the long term 1000+ pip move will come from a longer-term bullish move, in which I believe the USD will rake the floor with JPY. Let me know what you think, would love to hear your opinion. Click on the reply button and leave your comment. USDJPY Thank you for reading. Wish you much success - StampsFX
Short
by StampsFX
USDJPY Needs to find its wayWith the start of the year Banks started to talk about YEN will be stronger in 2018. With this move USDJPY and other YEN pairs started to hype up. Even Unemployment rates' news came positive from US side didnt effected chart well to take it up back to 113. band. We saw the USDJPY moves and consolidates around 112.80 and 112.20 band. With todays Eu session opening we expect a bit higher points around 112.40 which fibbo %78.6 holds abd also minor-major uptrend line. If we see a breakdown on trend chart will continue its way up till 112.80. If it bounces back it will retest our supportive area at 112.20 -112.
Short
by mert.kucukengin
CADJPY testing major resistance!Price is now testing major resistance at 87.81 (23.6% Fibonacci retracement, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this price. Our next major level of resistance is at 88.01 (Fibonacci retracement) and our next major level of support is at 87.34 (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance at 99% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
NZD, CAD, AUD / JPY Still could Drop if it Bounces off this LineMoney floods against the Grain. NZD JPY, CAD JPY, and AUD JPY's could all drop at any moment now. My Strategy is basically a basket trade shorting /JPY pairs while they are in larger time frame downward trends; while referencing other charts that are strongly correlated. AUD CAD, GBP JPY, are positively correlated to the AUD JPY at about 81% and 92% respectively. EUR AUD, USD CAD are negatively correlated with CAD JPY at -95% and -83% respectively. Of course, all of the /JPY's have a strong positive correlation, but I personally believe that AUD, CAD and NZD to be the most correlated. I am Shorting CAD JPY, AUD JPY and NZD JPY. Of which, the NZD JPY has been the most profitable for me. It is also the closest to the end of its parade at 75.6. I do believe there is more drop left in these wonderful pairs. At this moment in time, I believe that all three of these pairs still are able to drop and drop hard when they do. Because of this I try not to scalp these pairs as their drops could happen very suddenly. Currently (11/21 5:30), CAD JPY and AUD JPY are at a bit of triangle compression (reference a 15 min chart to see this) after breaking through strong hourly resistance levels. Once, one of these three show significant downward movement expect all three of them to fall together. At that point, I recommend you to Sell down to their support levels. If they break through their support, please sell further shares down to their previous hourly supports. So what again are we watching for on these three pairs? The triangle break outs that are soon to happen on AUD JPY, and CAD JPY on the 15 min chart. Also, we are watching what happens to the NZD JPY when it reaches that mid level resistance line within its established hourly channel (ref posted chart). Please feel free to ask any questions
Short
by PipMiesterStronger
AUDJPY longYesterday trade balance in Australia was below expetations (0.86B vs. 1.78B) which deppreciate AUDJPY below 87,5. Nevertheless today's retail sales was quite optimistics (0,3% vs. 0,2%). It's not a perfect data compared to the last read of this publication (0,6%), but fact that AUDJPY is now in support area and also Japan 10Y bond yield are descending, it could be nice opportunity to long entry in AUDJPY. It's also mid-term uptrend on this pair and as we all know: "trend is your friend".
Long
by Krzysztof_Kaminski