JPY pairs Weekly Outlook and Trade Setups

Price is still trading below protected highs

Yes i'm still holding it because price hasn't turned bullish yet

GBPJPY- Yeah. Price didn't break above the 218.50 price level

GBPJPY- It invalidate the pennant, but still confined to the bullish flag, which is expanding to almost become a channel.

GBPJPY- This is why trendlines are good guides as well. And when confluenced with zones it makes it even more powerful. I exited my buys when I saw the sell confluence, I Missed out on good profit, cause I didn't close out on time.

Price sold as expected

It's good you exited the buys so as to escape and prevent losses

JPY Currency Index just experienced a broad yen Strength signaling the possibility that the Japanese ministry of Finance may have entered the market to buy yen.
This signals a major repricing and Fx intervention of the yen by the japanese government, causing all JPY pairs to become strongly bearish.
This Effect cuts across the following pairs.
USDJPY sells.
GBPJPY sells
EURJPY sells
AUDJPY sells
CADJPY sells
NZDJPY Sells

JPY pairs require a good close watch.

Price will decline from there

I'll expect sells consolidation before the buy continuations

Price is clearly on a downtrend on the Daily timeframe

JPYX has been bearish long term, it's no new thing. That's why JPY pairs are always bullish.
Would rally love to see the JPYX rally a bit. The sells don turn much.

true though

USDJPY- Trade Update
Bias-Bullish
Entry-158.66
SL-157.74
TP-160.50

GBPJPY- Price has created a 4hr bullish channel. Invalidation of the channel, and I'll look for sells with the following parameters:
Sell Entry-215.83
SL-216.50
TP -212.38

USDJPY Trade Update.
Price returned to the entry level and created a double low. I missed it.
Expecting the buys to push to 160.50 once it breaks above 15950 next week.

GBPJPY- Trade Update
Price has gotten to my Sell entry but didn't meet my entry criteria by invalidating the bullish channel first. So, I'll wait for price to break out from it, and possibly create a double top, before I can consider the sells. Will still have my SL at 216.50

On 15mins, I'll be expecting price to create a double top with a break of neckline, signaling reversal at the 215.80 price level, then a break below 215.40 will be my entry level for the sells down to 214.61

AUDJPY- Daily Update
Technical Outlook: Range
Price is offering both a buy and sell opportunity.

If price pushes up first next week, then the sell opportunity will come first.
Sell Entry- 113.35
SL-114.00

AUDUSD Daily Update 2
The bullish opportunity will be if price drives down next week, expecting entry at the Right shoulder of the potential inverse Head and shoulders pattern.
Buy Entry- 111.30
SL-110.50