JPY INDEX as we see the JPY index is very strong. it will take GBPJPY and USDJPY the make a new lower low
J71! trade ideas
JPY index, don't think about selling methis is the JPY index says don't sell me front of any other currency
4hr MJY1! 8/7/16This is the futures of USDJPY, which is JPYUSD. The spot price, USDJPY, is the inverse of this chart.
Great short for this pair, which is long USDJPY. Should see a minor low, .9250 is my tgt area currently and once this is achieved we should reverse and rally. When MJY1! is at .9250 this would be a great short in USDJPY.
Bearish setup on JPY Index (J61!)We can see that JPY Index is exhausted right now and we believe we are seeing a setup of a Market Makers Buyers Profile, this means quit a big drop on JPY (Yen pairs) before it eventually turns back up. For now we are VERY BEARISH on JPY Index
$JPY - The FEAR - life after 5th wave extension. ... it looks ugly /for $NIkkei/. We are waiting for #Abenomics part 4. Will the sun rise on Japan again?
JPY FuturesSo this move upward was very strong and direct, expecting some reversal either t holds at the new support and surges higher, which seems a bit outrageous to me, i would expect a bit more of a consolidation and fall back possibly to the heavily confluent area. If it goes ahead i ahve a fb level at .959 level for a target.
Yen to SPX correlationThis is an inverse Correlation.
A weaker breakout. If this holds off, around the price zone. Be cautious with the US stock market. Nothing scares me from the market internals perspective for a down move. Such correlation is where everything begins.
- Caution Zone.
J61With the yen ending Friday with a dojo up against trend line resistance, we can expect a re-tracement back down. This would result in a rally in the overall stock market.
Yen Index starting going Higher (Nikita FX )This shows Yen Index has started its breaking-thru the Long-term descending Resistance Line.
And also Golden Cross (DMA 50 & 200) has just been accomplished today (Red line is DMA50):
stockcharts.com
I added Daily Bolinger Bands on this Chart.
Present situation is that Bollinger Band upper line is expanded upward.
Its bullish trend came back with Yen Index.
(my previous prediction:10 months ago was almost correct.....)
Nikita FX (climbingfx.jugem.jp )
Yen - Long Term TrendThe Yen is sitting near an important trend line going back to late 70's.
Could be near an important turning point. A break in the current downtrend similar to 90' and 98' could be the start of an extended rally in the yen.
FXY is the corresponding ETF to watch.
