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Yenpairs

Nikkei 225 set for Long moveIts been a while since I published. Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days. With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play. This current level is perfect to catch the wave, with previous High being high probability TP. Price Action Pmlani thePeoplesTrader
TVC:NI225Long
by PriceActionPmlani
What rules the world?The NASDAQ tech 100 index probably rules most of the world. How? It heavily influences stock markets around the globe. The JP225USD is pretty sensitive to what happens on NDX and the US30 aka Wall Street. A fall in the tech 100, usually sees a rise in the strength of the Yen, which then has knock on effects on other currencies. What's on the chart? 1. Signs of a weakening daily trend (red dots) curving to a possible plateau (almost a double top) and falling off. 2. The VMA has been punctured, which is not a good sign. 3. Switch on the Vervoort. 4. Two areas of tight squeeze on the Squeeze Momentum indicator (just below the RSI) - and weakening rebellions (height of green histogram). 5. RSI has fallen below 50 - not a good sign (price less likely to move north). 6. A high cross on of AroonUp over AroonDown - suggesting the bears are more likely to have time in the market (time momentum) - if they continue to dominate for the next 7 days. In essence the combination of the above indicators cohere to point to more down side. How far? I have no crystal ball. To be clear, every probability in one direction sits with a probability for the other direction. In the last two weeks, I've seen Ethereum correlate inversely on smaller time frames, with the strength of the Yen. So, I'm stalking this index for what else might happen on other stock indices and anything Yen.
NASDAQ:NDXEducation
by Captain_Walker
EURJPY Bulls on the horizon? Potential LONG TradeThe Monthly chart image below shows the major resistance and support levels to look out for this pair.Currently the price is stuck between 126 and 131 levels and its looking to retest either of those levels again the coming days Looking at the Monthly charts again it can be observed that the price is confined in the long term triangle. Currently the price is being supported by the 50 EMA monthly which can act as a strong support! On the weekly chart, it can be seen that the trend is supported by the two long term trendlines. Furthermore a descending wedge was broken which adds to the list of probabilities that price is ready to go up. Now Finally onto the Daily chart, The price Must break and close above the 50 EMA for the position to be valid for long entry The Final entry criteria will be based on the 4 hour charts when the price retests the 50 EMA. When the conditions are right i will place the trade signal in the thread below.
Long
by FX618Analysis
EUR/JPY - Bear Feast & Hunting SeasonYEN pairs seem to be showing the possibility to strengthen considerably against all majors. Technically speaking, EUR, GBP & USD all fade against the all mighty YEN. This can only mean one thing: risk-off period. Bears coming out again for another dip. EUR/JPY Technicals: - Larger degree correction still leaves room for more down-side. - Ending Diagonal developing - Bearish Harmonic approaching fibs - Fibs Extensions coming - EW Patterns almost complete Please like and share if you found this view useful. Thanks. Many pips ahead! *If you like what you see then please visit the website.
Short
by Lionheart-EWA
5
USD/JPY Short IdeaUSD/JPY price action is moving well within a symmetrical triangle and is respecting trend lines. On the day chart the 200 MA (black line) has kissed price as noted (as circled). I would expect the 200 MA to serve as an area of dynamic resistance, and would place a stop loss not to exceed 50 pips above this area. Price action has respected the 61.8% fib level on it's way down. It's possible that price could extend to the 127% fib extension area. This area also serves as a major area of support. I would not enter as a market execution but would allow room for price to retrace to around the 50% fib level. If played out, the reward on this idea would be around 240 pips. This idea is for educational and study purposes only. Trade at your own risk.
Short
by mrsceleste
USD / Yen - Evolving Head and shoulders - SHORTWe have a far from perfect Head and Shoulders pattern (when is it ever perfect) developing on this pair and if it doesn't break below the open price at 109.8 (50% fib ) then we're going higher, but we're divergent on 4H and at a point of major resistance, so there is more than a 50% probability we could track down the proposed right shoulder. If and it's always a big if, we then break the neckline (200ema), the proposed target will be established, the distance from the head to the right shoulder, transposed below the neckline @109 another major support and fib level. I had exactly this scenario on GBP / NZD and it was my most profitable pair this year, but this is the US$ / Yen and we're selling the $, so it's something to monitor carefully.
Short
by CBMotivation
9