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Yenpairs

U.S.Dollar vs Japonese Yen SwingTrade AnalisysHello Traders, The dollar is close to break out and long term simmetric triangle against the Yen. Due to the triangle projection and the bull Flag projection. It seems that it is going to test the historial top in a few months. We recommend to open long position in caso of an breaking out of the triangle or if it does another flash dump to the key level . Please push like buttom and follow us on tradindviem for more analisys like this.
Long
by MarketMinds
GBPJPY Reversal PatternGBPJPY here bounced at a major supply/flip zone at around the 125 pychological zone. From here, the downtrend began to exhaust, and from here we have not made any new lower lows. It seems like we will be making a higher low swing here. What we want to see here is a break and close this 131.35 zone. Not only would we confirm a higher low swing in a new uptrend and break past the previous lower high nullifying the downtrend, we would also create a head and shoulders pattern which shows us a reversal transition.
Long
by Uncharted-FX
1
Japanese Yen Bottoming? Negative News Ahead?The Yen futures are at a very big flip zone as can be seen on the daily chart. On the 4 hour, we have had multiple swings lower, and that trend seems to be exhausting. We had a fake out candle, indicated by the large wick, which is CONFIRMED due to the break and close above it. Expecting to see some sort of pattern here, perhaps a head and shoulders. The Yen is seen as a safe haven currency. Mainly because the Japanese government is seen as stable, and the fact that the Japanese have the highest savings of the western allied orientated nations. The Yen is backed by savings. If we do see a move up here on the Yen, you must consider the possibility of some sort of negative news. Perhaps about the Coronavirus being worse than admitted by the Chinese. This is likely. I do not trust Chinese economic data, nor would I trust their data on the virus. So we may be setting up for a pullback in equities on this news maybe which will come out next week. Just seeing the cycles of the chart. So some pairs that look interesting: EURJPY may trigger here on the daily candle break today. CHFJPY may not trigger until next week. USDJPY interesting on the 4 hour, but not the best looking trend that I look for. Other yen pairs remain below their first lower high swings on the daily charts.
CME:6J1!Long
by Uncharted-FX
1
EURJPY setup worth watchingA very nice set up presenting itself for the EURJPY. We are at a very important flip/support zone after a prolonged downtrend with multiple swings. Here we seem to be exhausting the down trend, and are forming a basing pattern here a double bottom/range. Nothing is confirmed until we get the break and close above the 120.40 zone. A set up we are watching for the week ahead. Perhaps not worth entering and holding over the weekend given all the things going around the world, specifically the coronavirus, with a headline easily creating a move into safe haven currencies like the Yen. If we get the break and close above, then the next flip zone is above at the 121.45 zone which would be our first take profit level.
Long
by Uncharted-FX
1