JPY index short viewJPY index potential pullback and return to the channel, before the next bullish impulse.
JPYX trade ideas
JPYX (Japan Yen Index)price has already break H4 structure so am expecting price to return to 780. then from there price will fly like US airforce to take equal high as indicated on the chart so lets wait and see. Be patient to wait price to unfold as u anticipate because this is game of patience
JPY index long viewThe Japanese index could continue its recovery. The next target is the formation of a new higher high.
JPY index short viewThe JPY index could continue to weaken if it sticks to the previous pattern of movement. In March, we see a strong bearish impulse followed by a pullback that stopped at the 38.2% Fibonacci level. Then we see the continued weakening of the JPY index, and each subsequent pullback is stopped in the zone around the 61.8% Fibonacci level. We could say that the Japanese yen is at a very important turning point for the future movement of the trend. Looking at all major currency pairs against the yen, we see that all currencies are in a bearish consolidation which could be a trap for a continuation of the bearish option.
JPY INDEXIm still looking for this structure, All analysis based on my perspective.Trade at your own risk.
JPYX NEAR SUPPORT ZONEthe Japanese yen index has approached the support zone on the 4-hour chart and there is every chance today and tomorrow to see the growth of the Japanese yen against all currency pairs, pay attention to the weakest pairs against the yen
Yen Intervention a Go?Week 3 of September was exciting... The yen was able to hold down a VERY strong USD while both currencies absolutely OBLITERATED any and everything in its path. I have over 600 running pips in Gbpjpy with no bottom in sight and quickly banked almost 500 pips on Eurjpy. Could this be it?
Don't rush to buy JPY the Japanese yen has not yet finished falling.
still waiting for a bearish wave.
level 780 is a clast zone fibo extention to start correction
JPYwill going up long if break the blue line and going down if going to break first red line and then going up short if did not break up long so it will going long down to the next red line
JPYX. P-Modeling Pt 1. The Shadow Eyes of CajunWelcome Hyperspace Travelers.
The eye of Cajun sees JPYX getting help from the 10Y in order to prep for SPX JGB JPYUSD VIX weight transference using Kinetic Energy Distributions.
The currency index is at 837.7 with a probability distribution that expands the lower levels down to 687.00.
This equates into longing USDJPY until 147.00 and playing a 4 cubic retrace at each new E value.
Long Swing Trade
USD/JPY
Entry: 133.xxx
TP1: 141.2
TP2: 143.5
TP3: 146.8
As well as playing the long movement that has gathered immense scrutiny.
I will attempt to nail the 4x cubit retrace defined at each new E.
Unfolded.
The incoming movement stringed segmentations will yield thousands of pips up until EOY.
Thanks for Pondering the Unknown with Me,
Glitch420
JPY index long viewThe JPY index started a slight recovery this morning and could continue until the previous consolidation in the zone around the 38.2% Fibonacci level. Bearish pressure is still visible on the chart, and this we see as a classic pullback.
JPY index big pressure on the Japanese yenThe dovish policy of the BOJ could further weaken the Japanese yen. Looking at the chart, we are now in the support zone, but a break below is also possible. Four times so far, Yen has managed to stay above, and now we will try for the fifth time to break below the support zone.
JPY INDEXIm looking for bullish JPY Index.
All analysis based on my perspective. Trade at your own risk.
JPYX Vs XAUJPYX and XAU correlation, we can see a move down in JPYX should price XAU in around that area of balance, around the $1700 mark charts to follow.
JPYXWe could see a sell off in JPY here, we can look to the yen crosses to deliver some profits if we see a downmove in JPY here we can look to buy against the Yen.
Could JPY stage a massive recovery?We saw JPY index triple bottom at 808 after a massive sustained drop, with the RSI also showing bullish divergence.
Triple bottoms are usually big reversal patterns after a big drop.
Buyers stepped in and price went up to 829 and in the process, formed a falling wedge which is also a reversal pattern adding confluence to the triple bottom.
Buyers continued to push price up and JPY broke out of the triple bottom neckline to go all the way up to 855.
Price has since pulled back in a falling wedge to retest the triple bottom neckline (prior resistance now support), which is also 61.8% fib of the initial leg up. We also saw price react here towards last week's close.
Could we see the matrix of confluence of the triple bottom, falling wedge and fib support play out and JPY continue to go up to 870 which is also the 127 fib extension as well as completion region of the ABCD pattern. One for the radar.
KG
JPY index long view, maybeLast week was very bullish for the JPY currency. Before that, it was consolidating and moving sideways for six weeks. This week is unpredictable, a little up and a little down. It would be good if the representatives of the Japanese government and the BOJ came to an agreement on where they want the yen to be because we cannot trade in this way. 😂
JPY INDEX BREAKDOWNThe market has completed the impulse wave (12345 waves) at 809.00 price level. A correction wave comes next which carries 3 waves (ABC waves). From now, we will expect price to continue upward in a corrective manner up onto 885.00 price level probably respecting 61.8% fibs level before we can see some reversals to continue it overall bearish trending market. As price reaches 885.00 level, we will like to see some rejections and reversals to tell us that price will make a turn. Let's see how the market plays out in the future time to come
STAY BLESSED...
