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JPY Currency Index

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JPYX trade ideas

JPYX on inversed chart. Testing JPYX on inversed charts, to match and time my GBP/JPY trades & zones. Notes: 2h structure:Going long, rooting for the current jpyx low to hold, waiting for it to retrace for the weekly bias Weekly: Source is a bit deeper down, may take a while to reach there. Until then, longs are worth a shot on the valid SnD's. For the bigger picture, a bigger retrace becomes iminent. The aim of this combo: To filter out bad snd's that lag behind or are simply deceiving.
PEPPERSTONE:JPYXLong
by Takezoo007
JPYX → Bear Fakeout! Descending Wedge Bull Breakout! Now What?The Japanese Yen Index descending wedge pattern initially broke to the downside, the opposite expected move statistically. A double bottom formed shortly after and reversed hard to the upside! Now we're at the 200EMA Resistance, what are the next moves? How do we trade this? 🤔 There are no good trades to take on the Daily chart. We're too close to resistance, RSI is over 75.00, and our protective stop for a long position would have to go back down at the breakout point, giving us terrible Risk/Reward. A long would not be ideal given this analysis. I would wait for the price to come back down to the Daily 30EMA and look for a buy signal and confirmation to enter a long. Shorting on the other hand may be an option. Since we're near a resistance zone, a protective stop could be placed above the 200EMA and short to the 30EMA on the 4HR chart. The Macro Trend is bearish, so this would be the ideal direction to trade on the higher timeframes such as this one. I would use the 4HR chart to enter a short, and use the Daily chart to look for a long position. 💡 Trade Idea 💡 Long Entry: 763.0 🟥 Stop Loss: 756.5 ✅ Take Profit: 776.0 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Descending Wedge Patern, Bullish! 2. Breakout below Wedge failed! 3. Double-Bottom Reversal, broke out above wedge. 4. Resistance at 200EMA, Wait to Enter. 5. RSI at 75.00, wait for a pullback. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
PEPPERSTONE:JPYX
by TraderEngineering
JPY Declines on Q3 GDP Loss.Japan's GDP for Q3 2023 has absolutely crashed by -2.1%. After a very good Q1 & Q2 growth, the markets & economy caught onto what was really happening. They unloaded the magical money printer… They printed out a ton of new money to prop up their economy. This has been exposed by their consumer spending collapsing. With inflation high, consumers have less to spend which is affecting their GDP this quarter. So after the fake ‘demand’ presented in Q1 & Q2, the economy can no longer keep up the facade from money printing.
PEPPERSTONE:JPYXShort
by BA_Investments
JPY- The big short?JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP data, however GJ showed strong rally against the YEN ect, We know would like to see some entries to trade a potential imbalance to the downside as the great fall of JPY looks set to continue.
PEPPERSTONE:JPYXShort
by ZenFlo
JPYX Daily Analysis - Will We Break to the Upside?JPYX has been in a descending wedge holding pattern since July of this year and has yet to successfully break out toward the upside. This analysis predicts a pullback from the bear trend up to the Daily 200EMA around 792.0 and if penetrated, to the 807.0 area. Key Points: 1. JPXY is in a descending wedge pattern which is a bullish signal 2. Several bull candles attempting to breakout 3. The bear candles are getting weaker as we consolidate downward 4. The Daily 200EMA target is aligned slightly below the wedge high 5. RSI has some room to move up I do not believe we are in a situation where JPXY will reverse at a macro level, the trend is still bear until we start putting in higher highs on the monthly candles above the Monthly 30EMA. In the short term, I would be careful betting against JPY on the Daily and Weekly given a pullback may be around the corner. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
PEPPERSTONE:JPYXLong
by TraderEngineering
JPY - A Descending Wedge Screams BullJPY showed a quick bout of bull strength on Monday and Tuesday of last week only to fall back down to the bottom of the wedge. That Tuesday bull bar could be the first sign of a reversal. This week, we should be looking for another bounce off of the wedge to confirm a move to the upside. The first target is the 9EMA of the Monthly chart between 784.0 and 785.0, a brief pullback, then a breakthrough to the previous resistance at 807.0. If we fall through the wedge, be cautious that JPY will fall much further. JPY has been in a strong descension since March of this year and is showing signs of waning bears. Look for long opportunities at these levels for at least a small swing to the upside. Trade wisely and let us know what you think in the comment section below!
PEPPERSTONE:JPYXLong
by TraderEngineering
JPYX Analysis. Another signal.Hello Everyone. After long time i want share my idea about JPYX which will be signal. After big and bearish movement we need somewhere correction bearish trend is strong but at the moment its weak and i see more buyers than sellers, i will try catch the bullish little movement and then i will make another analysis which will be short. after bearish movement we have price consolidation where se see liquidity both side, last time price make pretty strong up movement with high volume which gave me some interested area and ill try open from here my long. Open position - 769.2 Stop loss - 766.7 Take profit - 777.0 If my price prediction will be right at the index, i will long most JPY pairs. Good luck everyone!!! Manage your risk!!!
PEPPERSTONE:JPYXLong
by elmakacho