JPYBASKET trade ideas
JPY Basket: Trend Reversal in Play – Bullish Breakout ExpectedThe JPY Basket is showing signs of a potential bullish reversal after reaching a key support zone at 6,183. Last week’s hammer candlestick signals strong buying pressure, reinforcing the likelihood of a trend shift.
Technical Analysis
Key Support & Market Structure Shift:
Price previously tested the 6,183 support level, where buyers stepped in.
A Change of Character (CHoCH) occurred around 7,330, indicating a shift in momentum.
The market formed a lower high near the 6,183 level, suggesting that sellers are losing control.
Trendline Breakout Expectation:
Price is currently trading below a bearish trendline.
A breakout above this trendline would confirm a bullish continuation.
If price holds above 7,330, further upside momentum is expected.
Confirmation & Target:
Last week's hammer candlestick provides additional confirmation for a bullish bias.
Targeting 8,456, aligning with previous structural highs and liquidity zones.
Trade Plan
Entry: On a confirmed breakout of the bearish trendline.
Stop Loss: Below recent swing low for risk management.
Target: 8,456 (next key resistance).
JPY Bias: Strong buy signal; expect JPY strength across pairs where it is the quote currency.
Conclusion
The JPY Basket is positioned for a bullish breakout, supported by a key support bounce, CHoCH, and trendline dynamics. With last week's hammer candlestick as added confirmation, we anticipate JPY strength moving forward.
🚀 JPY BUY BIAS: Expect Weakness in JPY-quoted Pairs! 🚀
OUTLOOK 3-19-25OUTLOOK 3-19-25 in this outlook i will discuss what i am gonna trade for today for my friends.
JPY NEW THOUGHTS FOR THE MONTHJPY trend is up on the higher tf so we sit back and watch what the market will do next.
JPY HURDLES ALONG THE WAYJpy market has attracted more investors with it hike in interest rates and now heading close to previous turning points which might be a place for taking profit for those in long term buys. Will investors take profit or still hold onto jpy strength
JPY Basket 4hr TFThe JPY Basket has made a 3.3% move without any significant pullback, which suggests a strong momentum, but this move lacks the typical retracement I’d expect to see for a more balanced market. It has reacted off a key level that I’ve identified as an area of interest. However, to gain a higher level of confidence in the direction, I’m waiting for a "double tap" — a second test of this area — which would signal that the market is likely to move lower.
The confluences supporting this bearish view are strong. First, the trend line is indicating a potential reversal point, aligning with a daily rejection zone, where price has shown resistance previously. Additionally, we have the -0.618 Fibonacci extension level on the daily chart, which often acts as a target for price retracements or continuations. Given these factors, I’m expecting the market to pull back to at least the 6664 level before potentially moving lower.
The Yen has reasons for strengthen! Hello everyone!
🇯🇵Yen is Ready for a Breakout!💴
The Japanese Yen GPI Basket Index is testing a key resistance level at 6,750-6,840. Over the past three weeks, the index has been steadily approaching this level without sharp movements. Fundamental factors suggest a potential breakout, but a short-term consolidation may occur first.
If the resistance is broken, the index could accelerate toward the next major level at 7,150-7,250, which aligns with the midpoint of the anticipated parallel channel. Currently, lower timeframes indicate overbought conditions, suggesting the need for liquidity accumulation.
In case of a breakout, short positions on GBPJPY and EURJPY appear the most promising, as these pairs have strong movement potential. 🤑
#Forex #Trading #JPY #ForexAnalysis #Yen #FX #MarketUpdate #TechnicalAnalysis #GBPJPY #EURJPY #ForexSignals
JPY next impulsive up to the upside Posting about buying JPY in late november and price impulsed up.
Now we have another big buy opportunity.
Price has pulled back close to 61.8 FIB and 4h is about to break structure
to the upside.
Tomorrow's Fed's rate or/and Thursday's JPY news should be the catalyst.
XXX/JPY Sells | Bullish JPYFX:JPYBASKET Currently showing upside pushes.
last few days it created some liquidity in order for institutions to buy back below that level in order to push the price up
Current XXX/JPY Sells | OANDA:CHFJPY FX:USDJPY OANDA:GBPJPY
Yen Carry trade again? Yen strength is back Mentioned about JPY strength coming back for the past month
We have been consolidating and finally broke
out of consolidation.
Yen Carry trade to shock the Stock Market again?
JPY Basket 2DJapanese Yen can be strong for 2025
- This is not sell or buy signal. Don`t trade with anybody else analysis or signals.
- Never risk more than 1% of your account on any position. And don't forget to have more than 5 confirmation for any trade!
Looking to go long on YenBig yen news tomorrow.
BOJ Policy Rate.
Posted about this last week. Saying we expect the move at the end of the month.
We've tapped into the zone i mentioned. Currently waiting for 4h to break structure to be bullish.
Will this be another Yen Carry trade to give the stock market the correction?
Yen strength to kick in at the end of the month??Been waiting for JPY strength to kick in for weeks.
Finally a slow corrective pullback into 50 FIB also a Demand zone.
Big Yen news at the end of the month should send the Yen going up again.
Will this cause another Yen Carry trade to the stock market?
YEN BASKETmore bullishness to come this week, but keeping an eye on the previous weekly , looking for upside momentum. and also for good bearishness on the instruments against the yen
JPY basket ideaDear friends and followers,
I bring to you, JPY INDEX IDEA,
JPY has been bullish since the beginning of July 2024, and almost done to crash ...
We have just two blocks more to touch most likely before crashing ...
Mark your chart and set alert then keep eyes on the movement, when touch the last point...place your JPY pairs BUY trade like Gbpjpy BUY, EURJPY BUY or CHFJPY BUY
For trading help you can reach out to me...
Good luck
JPY Basket Daily TF
The JPY Basket is now rejecting off my point of interest (POI) after a bullish run lasting seven days. If the price re-enters the bearish channel, it will confirm a false breakout. Once the JPY Basket closes back within the channel, it is expected to resume its bearish trend and potentially reach a new low.
JPY Basket Daily TF Following today's news, the JPY Basket has surged dramatically. I anticipate a decline when it reaches my target level of 5,788, where multiple factors suggest a potential reversal. Upon reaching this key area, I will be closely monitoring EUR/USD and GBP/USD for further developments.
longThe JPY did a nice breakout and it now testing the support zone.
At this zone we also can find the fib lvl.
JPYBASKI We see the trend being upward, but the market must correct in the area that we have identified and go down to the buying zone and then go up.
JPY BASKET - I don't trade yen pairs without it...If its STRONG I'd be looking for short trades on yen pairs
Vice versa....
If it is WEAK I'd look for long trades on Yen pairs
Analyse EUR/JPY HTFThis is my analyse for the week on the pairs Jpy/basket and EJ.
It is a HTF analyse for the Daily and 4H.
JPY I'm currently monitoring a potential pullback at the support level, anticipating the continuation of the bullish trend on the yen index. However, it's crucial to remain vigilant, as a break below the support level might indicate a potential weakening of the yen.
