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Longjpy

Weekly Forecast Hello traders! Well, this is purely based on my Analytical view. USDJPY has been showing quite a hawkish moves in the few months, in regarding current market conditions and its fundamentals. In this chart, we can see a recent rate decrease due to the last CPI Report which came out thursday carried most of jpys pair in a downtrend pushing the EUR up by increasing rates which leads to reduce the Dollar Index in the fight against inflation. With the persective on the current word market jpy could still show a upfrend in coming weeks and eur could still fall as the recession fears soars. But for the weekly chart produced in this content we well stand by to see few rejections by the retracement areas and pushing by only if it succeeds to break off those barriers. Thanks.
Long
by Lavimystic
1
Bearish outlook on EURJPYMy overall bias on EJ is bearish. Initially, price found support at the monthly/weekly support zone. Price then began to make a series of higher highs and higher lows, which serves as confirmation that price was an in uptrend. Then price met resistance at the daily resistance zone. The daily resistance zone also correlates with the purple trend line and price has also been respecting this as well. It appears that price has somewhat formed a double top. I am expecting price to break the neckline (which is the last higher low) and continue downward and potentially test the 50.0-61.8 fib levels.
Short
by NoCeilingsTrading
2
Shorting NZDJPY I am looking to short NZDJPY. Originally price was making a higher highs and higher lows. Price then entered the monthly/weekly resistance supply zone. Price than formed what appears to be a double top, and price has been unable to break through. Also a double top at the end of an uptrend can serve as a bearish reversal pattern. That along with price respecting the supply zone is a strong confluence. Price made a bearish move out of the monthly/weekly supply zone and formed a new low. This is known as a break of structure, price is expected to reverse it's trend. When a break of structure occurs, price is expected to retrace to at least the 50.0 fib level to confirm this break of structure. Price ended up retracing to the 61.8 fib level and formed a doji candlestick (this also signals a possible reversal), ultimately forming a Lower high. Now I am price to make another move to the downside.
Short
by NoCeilingsTrading
SHORTING EURJPY IDEA Eurjpy has been a strong uptrend lately. The catalyst to this strong move to the upside was the Inverse head and shoulder that formed. Price broke the neckline of the IHS which also served as a level of resistance. Because price broke this level, it will now serve as support. The break of the neckline caused price to create a new high (or higher high). Therefore I am looking to sell the retracement to test the neckline (the new support level) which should create a higher low. I drew a Fibonacci from the most recent higher low to the new high. I am expecting price to retrace to the golden area of 50.0-61.8 Fibonacci level which correlates to the anticipated support level and hopefully respect the trendline. Also if you take a look at the RSI, there is a bearish divergence that exist. Like, or comment if you see something different. Feel free to post your analysis if you have a different point of view. I am open to all comments!!
Short
by NoCeilingsTrading
1
Overall Bearish Bias CHFJPYPrice appeared to have broken the low during the previous month. This monthly candle appears to be a retracement or a retest of that level. So far it a look as if price will respect that level and may be signaling it's setting up to make a large push to the downside. The weekly time frame show a double top, with a retest to the neckline, price also met resistance at and respected the trend line creating a lower high. Expecting a price to retrace/test and respect the 61.8 fib level on the daily, then creating a bearish impulse/continuation. I'm expecting price to sell off into the lower eclipse, possibly to the lower trend line and respect it, creating a lower low of the bearish trend, while simultaneously creating a higher low in the bigger picture. (this explains the purple and red drawings) Feel free to like, or comment and post your analysis if you see something different!!
Short
by NoCeilingsTrading
Usd/Jpy 1994 reverse head and shoulders ...Japan has been sacrificing for over 26 years. I’m looking on a reverse head and shoulders monthly chart. Dollar is weakening , the money printer in the US is overheating from printing more and more currency. BTC is on the rise, OCC turned the light green for banks as custodian of crypto currency, did the USD/JPY knew this in advance? Take a look at this monthly chart it shows clearly a reverse head and shoulder I see dollar go down and Japan Yen go up to 150 Stay safe, live free, and make money!
Long
by bitchris
1
Short USD/JPYFundamentals:- This trade is more driven by the fundamental aspect more than the technical picture. Things are heating up a little on the possibilities of a trade war between the USA and China which is causing weakness in the USD. I am looking at the Japanese Yen because it is what we call a safe haven currency. This means that traders will run to the JPY in times of global turmoil and uncertainty which generally causes it to strengthen. Technicals:- We have had a breakout to the upside yesterday which was quickly reversed on the latest trade war news and is currently hanging around a 50% retracement of that drop. Looking to enter on market. Get the full analysis, entry and exit levels on my website under analysis and signals
Long
by FreeForexSignals4u
EURJPY 4H Short SetupWe have lots of fun stuff going on here. Price is heading into previous structure and resistance zone which have proven itself several times in the past. We have a bearish gartley just about to reach its D completion - which in turns comes very close to the previous, broken, bullish trendline which also should act as resistance. Looking at the hourly we've also reached a overbought condition . And to tie things up we have a nice round number in our favor - 114.000. Which also is my entrypoint! Happy trading!
Short
by timmynorin
SPX: BOJ MISS = BULL RUN END +2% + 2016 SAFE HAVEN TREND RESUMESEnd of the bull run Global Equity Indexes: 1. SPX/ Global Equity indexes in the past 2/3wks saw a post-brexit central bank easing induced rally, as many CB released dovish statements following the vote which spurred investor confidence in fresh easing. - IMO much of the bull run was based on BOJ easing hopes, given the size of the economy (4th largest) stimulus from the BOJ had risk sentiment increasing affects - though now in light of no new easing from the BOJ and many CBs shrugging off/ UK internalising the brexit impacts I believe this bull run is over. 2. Technically speaking we may see another week or two of sideways or +1% as the market awaits easing policy information from the BOE (6th largest economy), but past this and regardless of what the BOE does i think the upside bias will cease. BOE is only likely to inject 50bn over probably 6m+ which is a drop in the ocean relatively as the BOJ does 100bn+ in one month, so by mid august latest I expect risk-markets to turn sour and a 10% correction is likely. Confirmation the risk-rally is over: - During this bull run we have seen risk markets/ SPX make gains rather frigidly, one day up one day down has been the trend - rather than the usual breakout green green green rallies of the past - this to me indicated that the topside was cautious and reinforced my view that it was central bank driven (not equity market performance driven). Thus, Confirmation of the trend turning to risk-off will be consecutive days of risk markets falling (SPX/ global indexes) OR consecutive safe haven markets rising (Gold, UST, Yen) and the emergence of a strong negative correlation between the two assets will be a solid second indicator that the 2016 risk-off trend is back. Trading Strategy - a number of ways to play this one: 1. Short FTSE100 @6700 or 7000 (wait for BOE) - this is my favourite trade but has a few conditions. We have built some resistance at the 6700-800 level so here isn't a bad place to sell however i think we will get a better selling vantage point next week, assuming the BOE cut the bank rate 25bps. - The BOE easing should move FTSE100 up 3-4% in a few days into the 7000 ATH key level as easing boosts business conditions and a lower GBP increases FTSE company international competitiveness. The 7000 level is where I am aiming for FTSE shorts with sell-limit orders as 1) its all time high levels; 2) I like to fade central bank action since it is artifical; 3) the broader risk-run is over so FTSE will suffer with the rest of the market 2. Short US Indexes @Market - SPX is perhaps the best short ATM given it trades right at its newly set all time high levels and on the backdrop of the BOJ miss we should see some downside soon. 3. Long Yen @mrkt - in the immediate term my favourite trade I like long Yen (for 200-400pips) against USD and GBP, given the BOJ backdrop is most related to JPY markets. We have already we seen the risk-off transmission taking place in here as Nikkei sold off 2% after the result and JPY grew 3% but i still think in the immediate term e.g. 1wk we can see more JPY topside and Nikkei weakness - me prefering to trade the FX strength over the equity as the equity often follows as a function of FX strength. 4. Long Bonds or Gold @mrkt - for the medium/ longer term I like buying govt debt, particularly UK gilts (BOE QE increases demand) or Gold - Gold we saw move higher on Friday in reaction to the BOJ so it will be interesting to see if we can get risk-off confirmation run from this next week (look for 3/4 green days). Risks to the view: 1. US Earnings have outperformed imo on average this Q, so the risk-run may be sustained for longer than the 2wk window that I expect. Nonetheless, i think even this is capped at 4wks e.g. we should be in full bear mode by the start of September - look out for the confirmation, a run of 3/4+ days of consecutive safe haven gains is often all the markets have to signal to show
TVC:SPXShort
by QuantumLogicTrading
6