Tag Archives: JPY

USDJPY : Correction Within Uptrend

Gregor Horvat

USDJPY has turned sharply lower in the last few weeks which now looks like a new leg within ongoing complex correction. We are tracking red wave 4) which can be a triangle or even a flat, but for now we will focus on a triangle which means that current leg down can be limited around 118.00 area. We would not be surprised by a bullish turn up into wave D later this month. more…

USD/JPY: 2016 A Year For The Bulls Or Bears?

Fawad Razaqzada

It is already the end of 2015 and what a year it has been for the financial markets. US equity markets took investors for a wild ride only to end almost where they started; oil was on a slippery slope as it plummeted to multi-year lows as OPEC decided to keep its taps open, adding more crude to an already-saturated market due to the shale revolution; the Swiss franc soared in January but bled lower for much of the year after the SNB more…

AUDJPY Strong Confluence At X Cross

Nenad Kerkez

The AUDJPY is heavily correlated to ASX200 and Nikkei indices and if you trade this pair pay attention to both indices as well as SP500 as it moves along with ASX200. In my opinion, best correlation with JPY pairs is USDJPY vs Nikkei and AUDJPY vs ASX200. I also advise that you should use correlation table all the time, especially if you trade multiple pairs. more…

Honey, I Shrunk The Euro

Ville Vainio

EUR/USD had a massive decline at the end of the week and the bears seems to be in charge here. The decline went trough the support area around 1.1145 and kept going. This decline is in line with the wave count which has been expecting powerful decline for some time now. Although this decline is still a 3 wave structure, the larger wave structure is supporting the view that we have started the next phase in dollar strength. more…

My Wife’s Grandfather Lives Alone

Matt Weller

My wife’s grandfather lives alone.

That probably seems like an unusual way to begin an article about European monetary policy and EUR/JPY, but bear with me.

Whenever we visit Walter, he is so overjoyed to have someone to converse with that he’ll eagerly ask for updates about the groundhogs in our yard, our new toaster, and other mundane happenings in our lives. While these day-to-day happenings are hardly interesting even to us, he gobbles them up as if they’re the most fascinating developments in the world. more…

USDJPY: Range Bound Trading Continues

Nenad Kerkez

As I already stated a couple of times, USDJPY is range bound with a bit more buying into dips. Presumably it is done by institutional traders as we can see from the chart. Scholastic example of double bottom vs V shaped reversal spike the pair up close to 120.00 level. Interim resistance zone lies at 120.00-10 ( channel top + H3 ) and we could see some selling towards 119.40 which is important support. more…

USDJPY: Bearish Pennant In Progress

Nenad Kerkez

USD has recovered to some extent after bad NFP result mostly by rising of US yields and general USD sentiment. Technically we can spot a huge bearish pennant on H4 chart with a clear range in between. Adding to that we can see that MACD is going sideways and histograms are very small which indicates that the pair is stuck in a range with no momentum. more…