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Jpysell

CHFJPY - Continuation Higher?Analysis: Strong upwards trend (bullish confluence factor) Break and retest of previous area of resistance for support (bullish confluence factor) 50% fib retracement touch (bullish confluence factor) Upwards trendline touch (bullish confluence factor) CHF is the 7th strongest major currency whereas the JPY is the 8th strongest major currency (bullish confluence factor) 2K short position increase for the CHF (bearish confluence factor) 27K short position decrease for the JPY (bearish confluence factor) Comments: Whilst some of the fundamentals go against our bullish thesis, we still have the technicals and some fundamentals pointing to bullishness on this pair. With the majority of the confluences we pay attention to pointing to bullishness and with the setup we see, we have enough confidence to have a bullish outlook on this pair. Only time will tell if we're correct but from what we can see currently, we see price continuing this bullish rally that it's in and heading higher. Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
8
EURJPY - Will The Bullish Rally Hold?Analysis: Strong upwards trend (bullish confluence factor) 50% fib retracement touch (bullish confluence factor) Upwards trendline touch (bullish confluence factor) EUR strongest major currency (bullish confluence factor) JPY weakest major currency (bullish confluence factor) 40K long position increase for the EUR (bullish confluence factor) 27K short position decrease for the JPY (bearish confluence factor) Comment: Price has been heading higher and higher for ages and now we finally have a chance to enter. Lets see if this bullish rally will continue. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
GBP/JPY Analysis GBP Buy - Forecast Higher GBP & Lower JPY & CHFGBP/JPY Analysis GBP Buy - Forecast Higher GBP & Lower JPY & CHF Despite A lot of retail calling Shorts this week we have seen continued strength in the GBP across several of the Majors. As per our Heat Map guiding our BIAS, this week once again it proves our Property system is a great free addition to finding and filtering the best currencies to pair up together to either buy or sell. GBP has remained at the top of the Heat Map Since Monday and we go into the Final day of Forex trading this week with it increasing its strength against the other majors.
Long
by seekingpips