XDN trade ideas
JXY: JAPANESE INDEX Japanese Index will grow up soon after retest.
This idea to help you using pair for XXXJPY
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JXY: Time to Growh UpI have very idea for pair with JPY.
JPY bounce from support Line and ready to grow up
This is my favourite trading pair such as GBPJPY.
If you have idea, Leave comment below and give like this post.
Thank you
JXY monthly chartSince long term support was broken, JPY will be weak. But there might be a pullback to the former support line.
jxyJAPANESE YEN CURRENCY INDEX
there is still space for downside
possible reversals and some yen strenght from 91-90 area
Uptrend The yen is experiencing pressure as the dollar gains momentum and the market starts to recover from covid-19. This could be the starting point of a bigger bearish momentum however it is still in the range of a good buying level until it breaks the larger overall uptrend then a downtrend would seem prominent.
Bullish continuation The yen is respecting the uptrend it has been in after bouncing off a support level
However, as the market calms down more from all of the viruses fears the yen might look more unfavorable but for now I suggest riding the trend
JXY Testing HighsJXY is at the 96.1 level having pulled from 95.5, there is a possible rise to 96.4 and that may possibly create lower lows for UJ.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Trade idea JXYIf Wave 5 of Wave correction C (orange) complete...Indicate that JPY currency will weak for a few moments...
