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JPYBASKET trade ideas

JPY Index_Update_1st week of April 2022Good Day, Here are some updates in JPY index: 1. Price now in its correction process after JPY gaining momentum and bullish impulse happened last week which resulted massive selloff of almost all yen pairs 2. Since JPY in its correction process we can notice all yen pairs start making correction with clear structure and pattern 3. We would monitor any price action at the previous broken trendline i.e. 50% fib level) to see any price rejection or pullback 4. Price may drop even lower to the recent low level
FX:JPYBASKETLong
by UnknownUnicorn3817558
3
JPYBASKET potential for bearish dip! | 30th March 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 8467 in line with 78.6% Fibonacci Projection towards our Take Profit at 8096 which is a graphical swing low. Prices are trading below our ichimoku cloud resistance, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPY Index_Update 3rd Week March 2022What information can we derive from JPY Index: 1. Yen is heading towards major swing low trendline. We notice price bounce 2 times in Jun 2020 & May 2021 and we predict it will follow the same pattern 2. From eWave perspective, Yen is in process to complete the final wave (wave 5) 3. It previously broke the correction process of subwave 1 & 2 and currently heading towards completing subwave 3 4. We predict price bounce from the trendline (end of subwave 3) and start making correction towards 61.8% fib level which the only nearest level that we can see to open or close our position What is our bias: JPY Bounce from trendline and hopefully gaining strength which turnout to be XXXJPY to Sell
FX:JPYBASKETLong
by UnknownUnicorn3817558
JPYBASKET potential for pullback! | 8th March 2022Prices are at a strong resistance. We se the potential for a short from our sell entry at 9200 in line with 127.2% Fibonacci extension towards our Take Profit at 9090 in line with 61.8% Fibonacci Projection and 127.2% Fibonacci Projection. RSI is at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPYBASKET potential for pullback! | 25th Feb 2022Prices are consolidating in a parallel channel. We see the potential for a dip from our sell entry at 9132 in line with graphical overlap, 38.2% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 9051 in line with 127.2% Fibonacci extension. RSI are at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPYBASKET potential for pullback! | 22 Feb 2022Prices are at a pivot and on bearish momentum on a bigger timeframe. We see the potential for a pullback from our sell entry at 9130 in line with 100% Fibonacci extension and also graphical overlap towards our Take Profit at 9048 in line with 61.8% Fibonacci retracement. RSI are at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPYBASKET is on bullish momentum! | 21st Feb 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a buy entry at 9036 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 9101 in line with 61.8% Fibonacci retracement . Our bullish bias is further supported by RSI being on bullish momentum and prices trading above our Ichimoku cloud resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETLong
by FXCM
JPYBASKET is on bullish momentum! | 21st Feb 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a buy entry at 9036 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 9101 in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by RSI being on bullish momentum and prices trading above our Ichimoku cloud resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETLong
by Rockqet
JPYBASKET potential for bullish momentum! | 18th Feb 2022Prices are on bullish momentum and abiding to an ascending trendline. We see the potential for a buy entry at 9029 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement towards our Take Profit at 9116 in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Prices are trading above our Ichimoku cloud and also RSI is showing bullish momentum, further supporting our bullish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETLong
by Rockqet
JPYBASKET on bearish momentum! | 15th Feb 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 9083 in line with 23.6% Fibonacci retracement towards our Take Profit at 8997 in line with 61.8% Fibonacci retracement. Prices are on bearish momentum and also RSI is at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet
JPYBASKET is on bearish momentum! | 14th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 9064 in line with 23.6% Fibonacci retracement towards our Take Profit at 8992 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci retracement. Prices are trading below our Ichimoku cloud resistance and also RSI are at levels at dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:JPYBASKETShort
by Rockqet