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USD JPY

USDJPY broke previous top @121.50 as indicated in the chart due to safe haven demands and reached oversold area which is indicated by the bands.
Immediately after reaching oversold area rapid buy can be seen by the following 2 candles, USDJPY should test the previous monthly highs and should drop to 118 level due to safe haven demand.
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Ziyabash avatar
Ziyabash 24 Ago

Prices have currently tested the 118 level and has started its move back up.. expecting a bound after hitting the solid support

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Fundamental analysis

I just went through a crash course in Fundamental analysis, especially with the Ukraine crisis going on. i dare say it has given me a better insight into how this type of crisis affects the market. my long GBPJPY position hit my SL, before the bullish climb this morning.
I have thrown all my margin and firepower behind the USD, expecting a very strong USD rally..
This of course depends on how long the Ukraine crisis lasts. There is a lot of info to digest, and for someone without an economics ba…
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jezz avatar
jezz 4 Mar

May the Force be with you! ;)

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Strong Yen this May

my forecast for the EURJPY pair. The MACD cross downwards is a very potent signal for a bearish trend.the 4 hour charts also confirm this bearish possibility.i see the markets going as low as 120 on the EURJPY. Even with the bank of Japan measures to weaken the currency, all technical indicators still point down. i expect a major leg down before the end of may. the JPY pairs may spike up and possibly make new highs, but those areas would just be better places to take short positions. I expect th…
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Bears In the Month of May

Sell in May and go away. This is a very popular market quote. i see the Japanese yen pairs all turning bearish in the month of May. The MACD cross on the daily charts. the 4 Hour charts also show weakness and divergence.MACD on the 4 hour chart also showing some weakness.target areasThe BOJ can try all they want, when the market perceives any uncertainty investments in safe haven currencies like the JPY, USD and CHF will increase.
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doctorfx avatar
doctorfx 29 Abr

i think you can draw ascending triangle on 4h chart

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