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Usdyen

A Closer Look At USDJPYTwo days ago USDJPY broke above major trendline and have pushed higher since. Also mentioned a week ago that this pair was still bullish on a lower time frame. Though at this point anybody can look at this chart and say it's super bullish, however, in my opinion, not only is it near key resistance level of 112.50, there's also a divergence on both MACD and RSI. In addition to that, if you're Elliot Wave fanatic then you'd agree that we are looking at wave count number 5. We'll see! Happy Trading, folks! Cheers!
Short
by Kav1ka
$Yen : BUY setup.I have seen many charts with Sell setup for this pair. I beg to disagree with them. Most of the reasons I have mentioned in the chart itself. The upmove has clear support of fib and the structure is showing lots of strenth. $index and $Yen have +ive correlation now. $ is bullish for this year, with minor retracement correction expect now. >> I think this is the time to build bullish positions for $Y. The upmove is going to be strong one it breaks the 23 % fib level. Comments are welcome please.
Long
by ForexTurtle
1
usd yen analysis Good afternoon everyone okay looking at usd yen we are in a down trend is what it appears me , however here are a couple things I see : we are in a channel down : down trend now if this breaks this channel as I have shown I will wait for the retest along with putting the stop just below the previous lows as shown and go long or if this market reacts to the channel and keeps going short , I will wait for it to hit where all the buyers are and look for a place to get into the market for a long your friend Kris www.mymentortv.com
by mymentortv
USD/JPY MONTHLY Short/Bearish Trend. Correction or recession?Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and indicating to us that something big is coming!! and Technically I see major fall in usd and strength in jpy and gold.
Short
by Sagefx