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A pull back in a longer downtrend for JPN.IDX

Jignesh Publié 20 avr comme Analyse sur JPN.IDX/JPY, Cible: 18010, Date: 1 de juin, 12:00 GMT  dans #Technical analysis #JPY #Japan #Equities #Channel #Retracement #Pullback #Elliottwave #Jpn IDX/JPY
The JPN.IDX is in a longer term down trend, that started in the first week of August 2015. However, the instrument caught a bid at it's 200 Weekly SMA. As well, smaller time frames suggest a bullish correction is already under way, which has potential to last throughout the Month of May.
Levels
15794 - Jan Spike Low
16340 - Jan lowest Daily close & early Feb Daily spike highs
17290 - March Highs
17871 - Jan Highs
18260 - End of 2015 Daily close
The chart below is a monthly chart showing the leve…
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Jignesh avatar
Jignesh 5 mai

Ahead of the start of May, we already saw the pull back in the bullish trend.  The BOJ, which had given a signal to the market that it would likely intervene in the markets, in a surprise move, did not do anything.  It acted as a catalyst for a sell off against the proposed bullish trend.  As we approach the bottom of the channel, we will be looking for a bounce over the next week, to hold the channel intact and affirm the bullish trend.

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The Big Surprising move from JPY - Or was it?

Jignesh Publier 9 avr  dans #Trader's blog #JPY #Usdjpy #Boj #Bearish Trend #Bearish Technicals
This past week, the JPY took several traders by surprise. The larger expectation for the JPY remains that the currency should essentially be weak, after all that is the position of the central bank, and as traders we try not to fight Central Banks.
Several of the big banks have been issuing long trade setups, while only a few have caught the downside.
But was this justified at all? Here are some reasons why it made sense to be focusing on short XXX/JPY, and the move was not much of a surprise af…
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NZDJPY Wedge Breakout

Jignesh Publier 19 nov  dans #Trader's blog #JPY #NZD #Wedge #Breakout
The NZDJPY has been consolidating in a large descending wedge pattern on the 4H/ Daily charts.
We now have a clear upside break out of the pattern. Chart illustrates the wedge below.
If we get a retouch for a good area to go long remains to be seen, but for now, this could lead to a longer term trend for the pair.
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JPY In The Week Ahead

Jignesh Publier 14 fév  dans #Trader's blog #JPY #Usdjpy #Yen
This week we will hear once again from the BOJ as their press conference will be released this Wednesday.
We have already heard from several of the central banks and the trend has been some adjustments to their monetary policy due to lower oil prices. The BOJ is in a different position, however the press conference has potential to cause some volatility if there are any changes to the monetary policy.
Some of the Yen pairs like USDJPY and EURJPY already show a possible completed Wave cycle to th…
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