JPYX trade ideas
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.
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!
JPY index long viewLooking at the chart of the JPY index, we can conclude that there has been a slowdown in the decline over the past three months. We see the potential formation of a falling wedge pattern, and we need a break above the upper line to confirm the continuation of the JPY index to the bullish side. The movement range of the JPY index is getting narrower, and we can expect a stronger impulse on the chart soon.
JPYXJPY breaks out of consolidation pattern, and we can look to catch a move up, this means we can look to sell Yen crosses as this volatility created will strengthen the yen.
JPYXJPYX is still in this downwards ranging market, we can see in the regression channel how we are are contracting in a sense on a higher frame. Now we seem to have created this triangle consolidation, with these gradual lower highs and this sturdy support forming underneath. We could look to trade a breakout of this pattern, this could be either up or down at this point so it is something to watch in the next trading days.
longnice place for buy
Continuation of head and shoulder
trend line touch
price on the last resistance
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!
JPYX and a small breakoutJPYX showed some day strength after a long time due to a small triangle breakout, it is still below the major trend line also opened above a 6M candle level. If it will try to test the above trend line, could be a second green day
JPYXall JPY pairs prepare for a big big correction after it fails to breakdown for too many attemps. expecting it to squeeze up quickly to top of range
JPYXJPY is in a ranging market, very balanced and we see price respecting these deviated values, we get an inverted H and S appear at bottom of range and we are seeing currently a pullback we might expect to see a yen rally in which we will look for shorts in /JPY Crosses.
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!!!
Jpyx indexHello friends, I think that after correcting the low soft time, we are now on a good demand. We should see a good rally from the Japanese yen
JPY CURRENCY INDEX LONG Good day Folks, I See price is oversold on The Currency index for the Japanese INDEX. my technical indicators and analysis tell me that we will have a reversal. mindful of the fact that reversals are not called nor predicted I see longs to cover internal liquidity and external liquidity, thus I'm Long.
your impute will be much appreciated
JPYX is still in a downtrend.We look at the graph we can see that:
JPYX is still in a downtrend.
In recent times we may see a recovery, but in the end it is still hopeless.
Japan currently continues to implement the policy of reducing interest rates to stimulate economic demand.
Japan has experienced many years of deflation and this is the time to continue to stimulate economic demand, to be able to integrate with the world.
Looking at the technical analysis, we can see that JPYX broke the nearest bottom, then recovered for another short-term span and dumped again.
It is very likely that they will have to return to the lower trendline of the down channel ( 73x ).
JPY-related currency pairs.
Priority BUY for currency pairs:
XXX / JPY.
Good luck everyone !!
JPY INDEX 4hrs break and retest manipulation Expecting price to reverse or bounce off on getting to POI. Similar set up and CADJPY and GBPJPY, set ups incoming
JPYX LongThe corrective phase this market had while it was going down indicates that more long positions were being added and will eventually take over. But with the break to the upside, knowing that retail traders were also expecting to buy in this area, commercial traders had to change the direction in which retail traders think of excecuting (in this case from buying to selling) and have themselves enter the long positions and be profitable.
JPY INDEX The jpy index has created a series of lower highs and lower lows which is a downtrend movement, so i am expecting the market to form a new lower high at the previous supply zone for more entries for sellers. If the jpy index is on a sell trend that means all jpy pairs should be on a buy trade. i am nit a market maker, just an analyst to my own knowledge.
JPYX analysis Hello everyone, I want share my idea on JPYX. Last 2 month we see JPYX strong and clear down trend which is continue down, We had a little Fake Out of 804.5 LVL but its actually gave ne good low, seller became active again and price came down which brake again support LVL. Here what I am only looking is retest on this FVG (Fair Value Gap) and then I will open short position on lower timeframe, we have 2 big 1W resistance which is on 789 and second is 781.
