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Jpylong

AUD/JPY - JPY Correction SoonI expect JPY pairs to correct across the board soon, most of them are very oversold. On this pair RSI is very high even on weekly timeframe, same goes for CAD, EUR, and GBP to JPY. All these pairs are at resistance levels, GBP/JPY is actually surpassing the resistance level as well so that is further reason to see a pullback. I am not entering shorts personally at the moment because the trend is going up very aggressively, this is just an update on where the move may go and where possible longs can be taken from. I expect all these pairs to retrace to at least 0.5 Fibonacci, they could possibly retrace further so the price needs to be monitored before entering trades if and when this happens. I expected these to see a retrace sooner but they have clearly continued to shoot higher so considering the resistance level and RSI they are likely to correct very soon.
by olly48
JPYCAD LONG multi year trend brokenHello Tradingview... Here we have a multi year inverse head and shoulder pattern that has broke out to the upside. I am posting slightly ahead of schedule as the monthly candle has not closed. In anticipation of the candle closing above the neckline we can position ourselves in this trade early. I have zoomed in specifically to this decade long consolidation period as the break of trend is clear and obvious. You can zoom out further and find other trendlines from further out that have also been broken to the upside from the move this month. Looking forward to traveling to Canada in a few years and spend my yen! Cheers. Comment your ideas and thoughts below on the fundamentals that can make this trade a reality. Or convince me otherwise! Thank you.
Long
by andzd
2
Weekly Market Focus 09-28: S&P500, WTI Crude, OJ, EUR, AUD, JPY ======================================= September 28, 2020 -------------------------------------------------------> 10-02-2020 S&P500 Trade Setup -------------------------------- S&P500 Trades can be found in this post ----------------- --------------------------------------------------------------------------------------------------------------------------------------------- WTI Crude OIl Trade Setup ----------------------- WTI Crude Oil Trades can be found in this post ----------------- --------------------------------------------------------------------------------------------------------------------------------------------- Orange Juice Trade Setup -------------------------------- Orange Juice Trades can be found in this post ----------------- -------------------------------------------------------------------------------------------------------------------------------------------- EURAUD Trade Setup -------------------------------- EURAUD Trades can be found in this post ----------------- -------------------------------------------------------------------------------------------------------------------------------------------- AUDJPY Trade Setup -------------------------------- AUDJPY Trades can be found in this post ----------------- -------------------------------------------------------------------------------------------------------------------------------------------- Other JPY Crosses ----------------- can be found in this post: =========================================================================================================================================
by Nemo_Confidat
1
EUR/JPY technical & fundamental analysisHi guys I hope you’re all very well. Here’s an idea based on both technical & fundamental analysis, please enjoy. TECHNICAL: It’s been a solid few months in the green for the Euro & a lot of traders are still quite bullish but I’m a little bit more cautious and here are my reasons. The main reason that I’m bearish right now is the fundamentals which will be described below. From a technical standpoint, I’m able to find some bearish indicators. -The main indicator for me is the previous monthly candle for June showed some huge resistance. -Another bearish indicator is the resistance being shown at one of my Fibonacci retracement levels. -The daily stochastic is in my overbought range FUNDAMENTAL: JPY is a go to currency in times of insecurity & market anxiety. The current situation surrounding a second Covid19 wave in both Europe and throughout the world may again create anxiety in the market. Japan has dealt with the crisis thus far as good as any other country. This coupled with JPY being a go to currency may increase the demand of this currency. TARGET LEVEL: 119.5 As usual, I will update immediately if my view or opinion changes in any way. Thanks so much for reading. I hope this idea can help anyone looking for an alternative opinion. Good luck to you all 🍀
Short
by DCurrencyGroup
Bullish Falling Wedge / Inverse Head & Shoulders / Ascending TriAs the title suggests - we have a large (light blue) bullish falling wedge with break out. As we have broken out we should expect to retest previous resistance as new support. This will help form the bullish ascending triangle in yellow and also converge with the .236 fib level as added support. We also have the green inverse head and shoulders. My entry: 107.354 SL: 107.154 TP1: 108.883 (.382 fib) TP2:109.5 (.618 fib) TP3: 110.53 (.786 fib)
Long
by Corrupt_Economy
EURJPY, SCALPER and SWING idea What can we expect in this value, the retest in the downtrend and the possible good entry when the value rise up, we will first see the fall of the value that could be a good scalper idea, the long position could be the good one but anyway there are a possibility that the value go again inside the simetric triangle again so the short position is secure but the long one is not at all yet. So stay FOCUSED AND FOLLOW ME for the update of this value. And if you are agree with my analysis give a like to support my effort!!
Short
by BlazeGP