those japs are patient!lol i know that sounded racist, but it was a compliment! USD is going to get smoked like cheeba and all the "little currencies" are going to show up to the party! :D
JXY trade ideas
JXY long, wait for beakout trendline and pull backJXY finds the strong support @fibo 61.8, and rebounds back to resistance trendline.
Much looking foward to seeing the breakout and pullback for LONG.
JXY long_ WEEK chartJXY test support @61.8% for many times, and now JXY will fly high.
USD @ high price area, UJ price action stops strongly @144. EJ @130, GJ @149. AUD @83.
JXY approaching support where we expect a bounceJXY approaching support at 87.3
After that, there is 2 possibility idea on this pair.
Either it can break and go down for some day or start making new lower hight toward 89 before continue to down
Try look at weekly chart to get the bigger picture
JXY approaching support where we expect a bounceAfter that, there is 2 possibility idea on this pair.
To test lower at 84.30, where we expect a bounce
or start to bounce at 86.6 directly.
JXY - JAPANESE CURRENCY INDEXIt has retested the level over time and its ready for a good buy. XXX/JPY pairs should be good for a sell by the next bullish movement
Yen is getting strong ? im bullish on thatHappy trading and trade at your own risk.
Short for
xxx / jpy
long for
jpy / xxx
JXY - Yen Index is still at downtrend
- Weekly's timeframe has a reversal for Down.
- Daily's timeframe has a Symmetry's waves still valid.
- H1's timeframe is out the trendline.
Therefore, I predict JXY will down continue from the wave (6) to wave (7).
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JXY IdeaI see the Yen going long, short, long for a 618 correction on daily.
Happy trading and trade at your own risk.
A rebound for the JXY?On UT 4 hours, JXY is under a falling wedge pattern (The Falling Wedge is a bullish pattern)
The RSI has a today value around 27 and, in addition, the JXY is close to its support at 88.3
From the upper elements, we can remain aware about and wait for any bullish signal.
If this signal appears, a short on OANDA:USDJPY or EURJPY could be very interesting
From fundamental view, if the TVC:DXY will become weaker in the next month, it will be not surprising if the TVC:JXY would be very much sought.
Stop: 87
TP: 90 (TP1)
JXY / W1 : context remain bullish.. (waiting for signal on D1)Hope this idea will inspire some of you !
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Phil
jpy index expecting up long termjxy is now retracing down the last impulse
i expect long term up move to complete the pattern
Japanese yen is ready to go bearishJPY index has broken out of the channel and has retested it. Get ready to go short
JPY Heading to Key Support as Dollar Strengthens The Yen is currently in a bullish channel . Price seems to be heading to key support. If price does manage to test key support, a long position on major JPY pairs would be wise.
JPY index#JXY is in big flat and it has been began falling trend to completion of B wave of (B). It has been anticipated to falling under level of 85.00. This is equal to JPY index should fall to kheshtak
