J71! trade ideas
JPY INDEX as we see the JPY index is very strong. it will take GBPJPY and USDJPY the make a new lower low
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.
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 )
