FOREX: “USDJPY” Observe for breakthrough around key levels

USDJPY Time Frame: H4 Technical analysis: The price has formed a “Triangle” formation around a resistance level of 61.8% (110,979) Fibo retracement of the downward movement started in October 2018. Since the formation has the potential to be both trending and trending reversing, we remain in standby and wait for breakthrough for direction confirmation. Our […]

NZDJPY a possibility for long positions

NZDJPY forex technical analysis | Our expectations: Breakthrough over the key diagonal of a sustained downward trend and the activated small flag of the last upward movement signaled for possible long positions with SL 76.55. Multiple Bottom enabled formation – positive signal. DeM Sequential has not worked – the movement is likely to continue further […]

FOREX:Technical signal for “Buy” USDJPY

USDJPY Time Frame: H4 Technical Analysis: The price has formed trend reversal formation “Head & Shoulders” at retracment zone of support at  50%- 55% Fibo from upside movement started on 21.08.2018. Indicators: The price is above 50 & 200 MA ; the 200 MA zone supports the “neckline”of the formation at  ~112.50 ,which supports bullish […]

USD/JPY: What to expect after BoJ meeting

Alleviation in trade war risks is also expected to see USD/JPY track US rates higher and we think that the recent speculation around a recalibration of BoJ policy at next week’s meeting is premature. In our view, unless the BoJ moves toward policy normalization beyond minor adjustments, we think portfolio and FDI flows likely to […]

Barclays short on USD/JPY with TP:108.10 and SL:113.40

Following Trump’s comments on rising interest rates, the USD continues to lose value. Currently, investors are re-evaluating the Fed’s monetary policy, and if we judge the market behavior, vendors take precedence. The six-month peak of 10-year Japanese bonds also helped JPY to be stronger than its US rival, with the dollar a bit softer against EUR […]

Look at JPY for probable reversals

The Japanese yen is quite sold out despite the risks on the market and the trade tensions. Additional negativity can be created by the relatively quiet meeting between Donald Trump and Vladimir Putin. The question is when investors will look for JPY as safe heaven. Technical formations at the Japanese currency crosses suggest a reversal […]

Dollar slips ahead of Fed testimony

The dollar edged down on Tuesday ahead of congressional testimony by Federal Reserve Chairman Jerome Powell which traders will scrutinize for clues on the pace of U.S. interest rate rises and risks emanating from trade conflicts. He is expected to deliver an upbeat message on the outlook for growth and reaffirm the Fed’s gradual monetary […]

JPY: Why the yen’s at a crossroads

Bearish flattening of the US Treasury curve helping USD/JPY Despite all the concerns of an escalating trade war, the world’s favourite safe haven currency – the Japanese Yen (JPY) – is drifting towards its lowest levels of the year against the US dollar (USD). Typically a flattening in the US Treasury curve has proved bullish […]

JPY again in fashion, where to position yourself

USD/JPY – H1 Our expectations – given the development of the trade war, I expect the JPY to grow against the USD. Current levels give a good opportunity for a short position with a short stop. Looking at H1, it is clear that the price breaks through a major diagonal and goes under the main support […]

EURJPY we wait a correction for a new short

Forex Technical Analysis EURJPY | Our expectations: Testing the neckline of the formed Head and Shoulders gives good reason to look for profits from short positions, with the stop at least at 130.65. This suggests that the risk is slightly larger and the position should be smaller at the current levels or wait for a […]